Experts say the housing crisis poses a great risk to the incumbent government in the next election if it doesn't take drastic action soon
OTTAWA — Chris Burke and his fiancée have been less than a year away from buying their first home for the past three years.
For the federal Liberals, the growing discontent with the state of the housing market is becoming a political threat. "And especially given the significant emphasis the government has put on immigration and the relationship between immigration and the housing market, there is a need to do more." Trudeau has tried to deflect for the housing crisis, recently saying there are limits to what the federal government can do.
The Canada Mortgage Housing Corp., the national housing agency, warned last year that the country needs to build 5.8 million homes by 2030 to restore affordability. A senior government official who spoke on the condition of anonymity so they could discuss matters not yet made public, says the Liberals plan to take steps over the next year to get other levels of government, the private sector and the not-for-profit sector to build more homes.
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