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British Columbia NDP Majority Government 2024-(no later than) 2029

That should help curb the amount of risk developers will take to bring new housing to market. They will err on the side of "too little stock" rather than "too much"; the resulting drop in supply should encourage prices to rise.

Plot twist: There might be other issues driving undersupply in future...

B.C. developers proceed cautiously as rental market softens​

Slowing home construction could create future housing supply shortages in the province, experts warn

B.C. developers are moving ahead with planned rental projects cautiously as softer demand and a growing supply of completed units put pressure on rents.

Asking rents in B.C. have fallen about 10 per cent over the past three years, the largest decline among Canadian provinces, according to Rentals.ca’s August report.

The decline comes as rental demand has weakened amid federal policies restricting international students and temporary workers, while a pipeline of new rental units continues to come onto the market, according to the Canada Mortgage and Housing Corp. (CMHC).

But developers and economists warn that today's softer market could sow the seeds of a future supply shortage as construction activity slows.

“It is a very challenging real estate market, probably the hardest that many people have seen in their career that work in real estate,” said Josh Anderson, vice-president of development at Vancouver-based wealth management firm Nicola Wealth.

 
Plot twist: There might be other issues driving undersupply in future...
Yes, there are always many factors. About the only thing dependable is that whatever government does will look cunning like the grouse alongside the thousands of people who actually have skin in the game.
 
Yeah, that was an awesome idea... not.

It was like Mad Max around here, not in a good way either...

Overselling decriminalization led to loss of public support, says study author​

When a drop in overdose deaths failed to materialize, the public lost confidence, which could hurt future efforts to try interventions, says researcher Daniel Myran.

“Overselling” the potential benefits of a pilot project to decriminalize possession of small amounts of hard drugs likely undermined public support, which may have lasting implications, says the co-author of a new study.

When the pilot project didn’t lead to a drastic drop in overdose deaths and injuries as expected, public trust was eroded, said Daniel Myran, a researcher, public health physician, and family doctor with an interest in addiction medicine.

“I think that we’re in an unfortunate circumstance where some of the social benefits that you might see through a reform in drug policy might be missed out on because public support has been eroded for policies of this kind,” Myran said in an interview.

Myran is the co-author of a study published this month in the Canadian Medical Journal on the impact of drug decriminalization and recriminalization on drug-related crime and health outcomes in B.C.

The study found decriminalization had no large or meaningful effect on overdose deaths or hospitalizations for opioids or stimulants.

In January 2023, B.C. introduced the three-year pilot to decriminalize possession of up to 2.5 grams of hard drugs, including opioids, cocaine, methamphetamine, MDMA or ecstasy.

People carrying a personal amount of drugs were no longer arrested or had their drugs seized, but drug trafficking remained a crime.

The goal was to reduce overdose deaths of people using illegal drugs alone in their homes, to improve access to health and harm-reduction services, to reduce stigma, and to open more opportunities for treatment. It was an intervention long advocated for by health officials as well as B.C.’s chief coroner at the time.

But by May 2024, the government had partially recriminalized possession after public backlash about rampant use of hard drugs in public places, including parks, and accompanying street disorder. Possession of small amounts of drugs would only be allowed in homes and shelters, addiction clinics and overdose prevention sites.


 
Decriminalization was such a massive failure because in classic Canadian fashion we refused to do the hard work part of it.

Entirely predictable result and the fact they act surprised shows they didn’t do any homework.

It worked for Portugal due to all the extra steps taken with it, steps we chose to ignore doing. They didn’t just decriminalize drugs, they offered solutions and help to resolve the issue at the same time.
 
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