THE END OF HOMEOWNERSHIP.

Because Canada has spent the past three-quarters of a century putting most of its housing eggs in the homeownership basket, the country hasn't built enough new rental housing. In 2012, when the benchmark property price in metro Vancouver was $638,000, Yale University economics professor and housing analyst Robert Shiller predicted a crash: "Just because it's a nice place to live doesn't mean prices are going to go up forever", he said. A major goal of the Squamish housing strategy is allowing their members to build the kind of housing wealth that has historically been out of reach for First Nations - not to mention building homes for thousands of people in a city experiencing a dire shortage of housing. There is too little housing, far too little affordable housing and far too many investors bidding houses up and out of reach, creating a rapidly widening divide between Canada's housing haves and have-nots. [Extracted from the article]