Housing Crisis
December 16, 2025
For the last few years we’ve been constantly hearing about the cost of housing and how it needs to be more affordable. The funny part about this is that the same people who caused the spike in housing valuations are the same people who say they have the solution. What a joke!
Think about it. The homeowner doesn’t want the value of his house to go down. He’s seen a 200 to 300 per cent increase in value just since Covid started. The realtor doesn’t want the price to go down, because then so does their commission. The bank and CMC don’t want the house prices to go down because they would get less interest on the loans. The realtor blames the appraiser for the rise, but they’re both guilty of the inflationary rise in prices.
Since common sense says prices won’t come down, how do you make house prices affordable? When I was in the housing business in B.C., we convinced then Premier Bill Bennett to offer a one-time grant for new housing starts to first-time buyers, seniors and divorced people. CMHC then came out with a grant as well for the same people allowed to get it. It didn’t lower prices necessarily, although it did in the modular home industry. What it did was reduce the amount of money a purchaser needed to buy a house. It was a limited time offer, but it saw a huge amount of home purchases in a very short period of time.
In today’s market, if you use $350,000 as an average condo price in Camrose or Edmonton, and eliminated the GST for the purchasers and did a $5,000 provincial grant and a $5,000 federal grant, the estimated payment at 4.69 per cent would be approximately $1,920 per month according to the TD Bank mortgage calculator.
This amount is roughly what people are now paying in rent. The difference is, with the $10,000 federal and provincial grants, the down payment is cut in half.
What would be the biggest hurdles, you ask? Well, having both levels of government work together would be the first miracle required. Where would the funds come from? Start by cutting the cost of government via a reduction at both levels of government in the number of civil servants employed. Next would be to cut immigration and use those savings to provide the grant money at the federal level. There are many easy ways to fund this money. B.C. proved it during the Bill Bennett years. I’m sure to some this seems a fantasy, but nothing else is working and what I have stated has a proven track record and did work. What have we got to lose?
Ron Harder,
Camrose
For the last few years we’ve been constantly hearing about the cost of housing and how it needs to be more affordable. The funny part about this is that the same people who caused the spike in housing valuations are the same people who say they have the solution. What a joke!
Think about it. The homeowner doesn’t want the value of his house to go down. He’s seen a 200 to 300 per cent increase in value just since Covid started. The realtor doesn’t want the price to go down, because then so does their commission. The bank and CMC don’t want the house prices to go down because they would get less interest on the loans. The realtor blames the appraiser for the rise, but they’re both guilty of the inflationary rise in prices.
Since common sense says prices won’t come down, how do you make house prices affordable? When I was in the housing business in B.C., we convinced then Premier Bill Bennett to offer a one-time grant for new housing starts to first-time buyers, seniors and divorced people. CMHC then came out with a grant as well for the same people allowed to get it. It didn’t lower prices necessarily, although it did in the modular home industry. What it did was reduce the amount of money a purchaser needed to buy a house. It was a limited time offer, but it saw a huge amount of home purchases in a very short period of time.
In today’s market, if you use $350,000 as an average condo price in Camrose or Edmonton, and eliminated the GST for the purchasers and did a $5,000 provincial grant and a $5,000 federal grant, the estimated payment at 4.69 per cent would be approximately $1,920 per month according to the TD Bank mortgage calculator.
This amount is roughly what people are now paying in rent. The difference is, with the $10,000 federal and provincial grants, the down payment is cut in half.
What would be the biggest hurdles, you ask? Well, having both levels of government work together would be the first miracle required. Where would the funds come from? Start by cutting the cost of government via a reduction at both levels of government in the number of civil servants employed. Next would be to cut immigration and use those savings to provide the grant money at the federal level. There are many easy ways to fund this money. B.C. proved it during the Bill Bennett years. I’m sure to some this seems a fantasy, but nothing else is working and what I have stated has a proven track record and did work. What have we got to lose?
Ron Harder,
Camrose
