Liberals Still Don’t Know What to Do About the Housing Crisis

Nova Scotia MP Sean Fraser, recently appointed to the housing file, is under scrutiny to provide solutions for unaffordable housing costs. 

A month into his tenure, Fraser has also already been criticized for not being able to offer new solutions. He recently called out opposition leader Pierre Poilievre on Twitter, saying “Canadians need solutions, not slogans.”

While Fraser calls out Poilievre, his response isn’t comforting either. Canadians are growing increasingly frustrated with the country’s leadership – and it’s likely too late to be telling them that the solution is to listen to their needs. 

Recent polls show yet waning approval ratings for Trudeau and the Liberals as Conservatives continue to rally support, particularly in Ontario.

The Canada Mortgage and Housing Corporation estimates a need for an additional 3.5 million affordable housing units by 2030 to restore housing affordability. During the cabinet retreat that concluded last week, Fraser floated the idea of capping the number of international students as a measure to reduce housing demand near post-secondary institutions.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Back to the Cariboo: Gold Rush History Meets Modern Discovery | Golden Caribou

Gold Prices Are High, Experience Matters | Rob McLeod

Silver Is a Wild Animal, Gold Heads for $6,000 in 2026 | Craig Hemke

Recommended

Canadian Copper Plans 2,500 Metre Drill Program For 2026

Mercado Receives Permits For Planned 3,000 Metre Drill Program At Copalito

Related News

Rumors of a Home Equity Surtax Resurface Ahead of the Elections

A proposed surtax on home equity for properties valued over $1 million has recently gained...

Monday, July 8, 2024, 08:02:00 AM

Rental Prices in Canada Surging at Fastest Pace Since 2023

The latest data from Rentals.ca and Urbanation shows rental costs across Canada are rising at...

Tuesday, March 12, 2024, 11:38:00 AM

Fed Up with the Crisis: Study Finds That 70% of Canadians Want Housing to Go Down

A recent survey commissioned by Bloomberg News and conducted by Nanos Research has revealed that...

Wednesday, September 13, 2023, 02:13:00 PM

Federal Government Unveils Controversial Secondary Suite Financing Program

Canada’s Department of Finance has unveiled a change to mortgage insurance rules, set to take...

Wednesday, October 9, 2024, 10:04:52 AM

CMHC: Rental Market Becoming Less Affordable for Canadians

Canada’s rental market continued to recover throughout 2021, as economic conditions improved and strong vaccination...

Friday, February 18, 2022, 03:16:00 PM