Poilievre Wants To Convert 15% Of Federal Buildings Into Affordable Housing

One of Canada’s most pressing and sensitive issues lately is housing affordability — the country is starved for solutions, and it takes more than a few pronouncements to convince people. On Friday last week, Conservative leader Pierre Poilievre did just that — meaning he made some pronouncements — and people on Twitter weren’t buying.

At a recent event, Poilievre brought back his plan to sell off 15% of 37,000 “big, ugly, empty” federal buildings to convert them into affordable housing. 

Many Twitter users dismissed it as another of Poilievre’s populist appeals, basically saying that it sounds much, much easier said than done. 

One user pointed out that he would “rather see bigger plans to grow existing small cities and create new ones. Canada is too focused on a small number of urban areas where growth is expensive and slow.” Another agreed and added that commutes are too long.

Some criticized the plan for being “superficial,” emphasizing that the logistics may not be practical or even feasible. “For starters,” he said, “most office floors only have one or two washrooms” which highlights that the plan will cost more planning and money than how Poilievre makes it sound.

Others, meanwhile, focused more on the definition of “affordable” these days, and whether affordable private housing would actually be affordable, with another responding that all of the Conservative leader’s plans would do is “allow wealthy corporate and individual investors to control more housing.”

Canadian lawyer and political satirist Caryma Sa’d, who shared the video, pointed out what people already know too well: “there is no single solution to the housing crisis.” She called for “real solutions, not fantasies about sticking it to the CBC.”

Poilievre has repeatedly made populist appeals on the topic of housing but has yet to offer an operational plan or a realistic idea that would help people see how it could actually be done.


Information for this briefing was found via Twitter, Storeys, and 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

Why Silver Needs to Slow Down to Go Higher | Dan Dickson – Endeavour Silver

Silver Dips Are Getting Bought, This Is How Breakouts Start | John Feneck

Why $100 Silver Right Now Would Be a Problem | Keith Neumeyer – First Majestic

Recommended

Antimony Resources Planning 10,000 Metre Drill Program For H1 2026

Canadian Copper Closes On Sale Of Turgeon Project In New Brunswick For Cash And Shares

Related News

After BC, Federal Government to Go After Short-Term Rentals

Inspired by new legislation in British Columbia, the federal government is taking action to address...

Thursday, October 19, 2023, 12:07:00 PM

Canada’s Core Retail Sales Crater 1.4% In May

Canadian retail sales fell by 0.8% in May to C$66.1 billion, according to Statistics Canada,...

Friday, July 19, 2024, 09:41:38 AM

Rising Rates Globally Set To Hit Spain, Australia, Canada The Hardest

Many corners of the financial and investing world are grappling with challenges that were not...

Saturday, September 17, 2022, 09:00:00 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

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