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Jack Mintz: With house prices softening, let’s dial back housing initiatives

Mainly for economic reasons, the housing market is getting more affordable. Since the emergency is over, it's time to dial back on ad hoc policies

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Is the housing crisis nearing its end? Since peaking in the summer of 2022, the new-housing price index has fallen 3.5 per cent. True, at the beginning of this year it was still almost a quarter higher than in January 2017, but after adjusting for inflation, real housing costs are the same today as they were then.

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Why are prices falling?........

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