There are about 16.3 million homes in the country. Canada Mortgage and Housing Corp. last year calculated that, for prices to moderate, 5.8 million more are needed over the next decade – that’s 3.5 million on top of the 2.3 million that would otherwise be built. Look at those numbers and wonder why the Prime Minister held a press conference for 214 homes. Look at those numbers and consider the national housing strategy’s modest impact, 107,519 homes, so far.
The cost of living and housing crises are happening across the entire country so I would say, yes, it very much does become a question of federal policy at that point and existing federal mandates (immigration) are one of the biggest sources of high demand putting stress on housing.
Even if that federal policy is working with provinces to figure their shit out on housing.