By: bubbles E-mail: bubbles@alwaysgolfing.com Many economists argue that market solutions are more efficient than government agencies in providing services even when it comes to “merit goods”. In the discussion of housing problem, I would disagree with the economist’s view. Housing is a very complicate issue that I believe it will work the best by the cooperation of market and government agencies. The Canadian government has worked for many years on the housing issue, but does not seem to have any adequate solutions to solve the problem. The housing market, unlike other industry, has a dominant feature of inelastic short-run supply. This characteristic of the housing market has made a great obstacle in coping with the problem. In fact, we may look at other countries’ experiences and learn how to deal with the problem effectively. Canadian government’s housing policy....

Number Of Pages: 3

Number Of Words: 721

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