Conservative Leader Pierre Poilievre has taken direct aim at the Liberals for the state of the housing market, highlighting the dramatic increases in home prices, rents and even interest rates. 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.
Prime Minister Justin Trudeau speaks during a visit to an apartment complex under construction in Hamilton, Ont., Monday, July 31, 2023 Chris Burke and his fiancée have been less than a year away from buying their first home for the past three years.
"I'm a former Liberal voter," Burke said. "I certainly wouldn't be voting for them this time around." Conservative Leader Pierre Poilievre has taken direct aim at the Liberals for the state of the housing market, highlighting the dramatic increases in home prices, rents and even interest rates. 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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