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.

Leave a Reply

Video Articles

Endeavour Mining Q1 Earnings: Cash Flow Is King

G Mining Oko West Feasibility: Move Fast, Break.. Nothing?

New Gold Q1 Earnings: What’s Behind The Market’s Surprising Reaction?

Recommended

Giant Mining Encounters Native Copper As Hole MHB-34 Hits 563 Metres Depth

Verses Hits Commercialization Stage With Genius AI Platform

Related News

Mortgage Amortization, Illustrated

Mortgage amortization is the length of time it will take to pay off the entire...

Tuesday, December 13, 2022, 11:00:00 AM

7 In 10 Canadians Still Want To Own A Home But Can’t Afford To

In a recent survey conducted by the Canadian Imperial Bank of Commerce (CIBC), it was...

Monday, June 5, 2023, 11:51:00 AM

In Canada, The Wealth Gap Is All About Homeownership

A recent report from TD Bank uncovers a new narrative in Canada’s wealth inequality: it...

Saturday, October 15, 2022, 09:00:00 AM

International Student Cap Leads to Steeper-Than-Expected Enrollment Decline

Recent reports indicate that the Canadian government’s cap on international students has resulted in a...

Monday, September 9, 2024, 03:18:00 PM

Trudeau Reveals Housing Deal In Vaughan For Over 1,700 New Units

Justin Trudeau’s Liberal government has declared that the federal government has struck a deal with...

Friday, October 6, 2023, 06:24:00 AM