Opinion: BC Builds proposal deserves support but Eby needs to make sure restrictive community benefits agreements don’t ruin his good plans.
If Eby is pressured into introducing CBAs to his new housing corporation, not only will it add costs, but it will restrict access to workers in a remarkably tight labour market. A recent Canada Mortgage and Housing Corporation notes that B.C. will “not have the labour capacity to increase housing supply through housing starts.” All of Eby’s great plans will be stuck on the drawing board if he can’t get the workers to build new homes.
While housing is rightly understood as an economic issue, it also has profound implications for civil society and for the culture of our communities. As costs rise , more and more household budget dollars go toward providing for basic needs, and less and less becomes available for investing in other things that improve our communities.
And it goes deeper than the present. A failure to build houses cuts cities off from their future. Housing is not the primary driver of fewer children being born in Canada but, as Cardus senior fellow Lyman Stone notes, “The housing situation for young people disfavours childbearing more than in the past, which is almost certainly a major driver of low fertility.”
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