In a recent interview with the Globe and Mail, Justin Trudeau said he wants to push affordability while maintaining current home values. Some experts say that's hard to do.
Trudeau says Poilievre’s ‘lack of ambition’ as housing minister partially to blame for current crisisCity Space podcast last week. “It’s a huge part of people’s potential for retirement and future nest egg.”“His comments are extremely problematic,” John Pasalis, Realtor and broker at Realosophy Realty told Global News on Wednesday.
Robert Kavcic, senior economist with BMO Capital Markets, said there are three broad ways to bring more affordability into the housing market. The first is falling home prices and the second is lowering interest rates. However, Kavcic said the value might go up for single-family detached homes as the government pushes for more intensification.
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