According to the Canadian Real Estate Association, the national average price of a home sold was $709,000 in June 2023, up from $455,000 in Oct. 2015, when the Liberals first came to power
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." "I'll be blunt as well: housing isn't a primary federal responsibility," Trudeau said during a housing announcement in Hamilton on July 31.His remarks were quickly blasted by Poilievre, who reminded people of earlier promises Trudeau had made on housing.
If the current pace of building continues, then only 2.3 million homes will have been added to the housing stock by then. Trudeau's recent cabinet shuffle might be an early sign that the federal government plans to prioritize housing. The prime minister appointed one of the stronger communicators and a rising star on the Liberal bench, Sean Fraser, to take on housing and infrastructure as one, amalgamated file.
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