Housng unaffordability is becoming a critical issue across the country. There are serious questions about a party’s fitness to govern when it intends to rely on luck to stabilize housing prices
, the NDP largely ignores the policy levers available to address problems in the regular market, where the vast majority of residents find their homes.
For example, both the UCP and the Alberta NDP are silent about proposals to discourage foreign buyers, empty homes, money laundering or short-term rentals that reallocate housing as hotels for vacationers rather than preserving it primarily for those who work and study in the province. These policies became common in B.C. and Ontario after they lost control of housing prices and could be used to protect current levels of affordability in Alberta.
Whereas the gap between home prices in Alberta and elsewhere represents an affordability advantage for younger residents, the age gap in provincial government spending does not. A shows that the province spends approximately $16,700 for each of the 777,000 Albertans 65 and older – some $1,400 more per retiree than is budgeted in Ontario and B.C.
By comparison, the Alberta government spends just $9,900 for each of the 2.9 million Albertans under 45. The $6,800 spending gap between an Alberta retiree and a younger Albertan is larger than in Ontario and in B.C. . Since this large gap was also evident under the NDP, both parties share accountability for why Alberta spends less per resident on elementary and high-school education than Ontario does and less on postsecondary education than B.C.to court older voters.
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