Yes. By having an official policy of propping up prices, the government is effectively giving a subsidy to homeowner profits at the cost of renters.

Housing was expensive four years ago, that was before prices almost doubled. Policy that lowers prices to those levels would put home ownership in the reach of many.

I think you're assuming waaay too much about the seriousness of this statement. It's a politician assuring the losers of a policy they won't lose by rewording the policy a different way.