Really interesting program. Does it have any effect on the local real estate market? I would imagine it would have at least some impact on renting/purchasing prices.
- a quick look at real estate sales/prices over the last 4 years from the local real estate board[1], doesnt look like its had any negative impacts
period | # unit sales | avg $
2014 - 1708 - 274,655
2013 - 1446 - 263,223
2012 - 1539 - 255,538
2011 - 1322 - 247,850
1] http://www.mhreb.ca/market_update
EDIT: formatting
There aren't many details listed about the program in the article, so I wonder how they prevent lower-income people from just taking the free housing instead of paying for rent.