Sean Speer is almost always a good read, and the headline is hard to disagree with- but I think he's missing the big picture.
No, Build Canada Homes won't solve the housing crisis in aggregate. Correct -"If your policy won’t move the big levers—zoning, approvals, and fees—you shouldn’t expect big results."
But- those big levers have already been pulled, to a degree that flirted with the line on Federal overreach. HAF exists, it has agreements in place across the vast majority of Canadian population centres, most of those agreements have multi-year implementation timelines, on projects and changes for which the impacts won't be seen for years. (First round of progress reports have been coming available online through 2025). Is it working, will it work? To soon to tell. But that's the Federal Government supply side play. It's in implementation mode, but drawing attention to a "hurry up and wait" situation on the policy of a deeply unpopular predecessor isn't exactly a political winner. Then there's immigration on the demand side, the multi-year weaning process. Again, long term. Again, drawing attention to the JT era. But those two things, as Sean identifies, are the "solutions" to the broader affordability crisis. But they need to be seen to be doing something more urgently, something they can talk about
So we get Build Canada Homes. A showy policy plank where the primary first order benefit is quite narrow in scope, essentially treating a symptom while waiting for the "cure" to take effect. Though there are very interesting potential second order impacts if the investment in scaling modular infrastructure and normalizing it's use can improve overall housing throughput outside of the direct purview of Build Canada Homes