Trudeau’s cabinet to tackle housing, economy in 1st retreat since shuffle
Trudeau shuffled his cabinet late last month, with the prime minister stressing he was doing so to tackle ongoingAmong the changes was appointing Sean Fraser to the role of housing and infrastructure as one amalgamated file — hinting that the government was going to prioritize housing, with the MP being seen as one of the stronger communicators.
Fraser has said he hopes to help return the housing market to one similar to what he grew up with in small-town Nova Scotia, where having a job was enough to buy a home. The focus on housing and affordability comes as the Conservatives continue to hammer the Liberals over the current state of the market, highlighting the dramatic increases home prices, rent and interest rates have seen over recent years.Toronto’s affordability crisis has intensified. Here’s why it needs to be fixed now
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 October 2015, when the Liberals first came to power.
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