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

Agnico Q1 Earnings Results Overshadowed By A Sinking Gold Price

Why More People Are Starting to Feel Broke | Darrell Thomas – VRIC Media

Newmont Q1 Earnings: A Billion In Free Cash Flow… A Month!

Recommended

Altamira Gold Extends Maria Bonita Porphyry System Westward With 70.6 Metres At 0.51 g/t Hit

Antimony Resources Reports 13.9% Antimony in Latest Drill Core at Bald Hill

Related News

Mattamy Homes Buyers Protest For Losing Their “Investment”

Buyers of pre-construction houses from Mattamy Homes protested at the homebuilder’s Dundas Street West sales...

Tuesday, February 7, 2023, 11:57:20 AM

GTA Real Estate Crisis: 30% of New Condos Are Cash Flow Negative As Calls For Bailouts Begin

New data reveals significant financial distress in the Greater Toronto Area (GTA) condo market as...

Monday, July 29, 2024, 11:01:00 AM

Homeownership Feels Out of Reach for Many Canadians

A new CIBC survey reveals that 76% of Canadians who don’t own a home feel...

Friday, April 12, 2024, 08:06:37 AM

30 Year Mortgages: Home Builders Association Wants To Make Borrowing Easier

The Canadian Home Builders’ Association (CHBA) is calling on the federal government to introduce a...

Monday, February 12, 2024, 12:50:00 PM

Telecom Giant Rogers Faces Call to Expropriate Vacant Properties for Affordable Housing

A local researcher in Toronto has ignited a push to expropriate a collection of mostly...

Friday, April 19, 2024, 08:05:22 AM