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> Does it have any effect on the local real estate market?

- 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



Good data, thanks. I'd bet the bigger impact would be on rental prices (which data would be harder to find).

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.




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