Trudeau Still Doesn’t Know How to Fix the Real Estate Problem

When asked about the government’s plans to address the commodification of housing in his country, Canadian Prime Minister Justin Trudeau had much to say about nothing. 

“We do know that one of the factors that is challenging for so many people is the commodification of housing, the fact that people are using homes and houses as an investment vehicle … rather than families using them as a place to live, to grow their lives, to build equity for their future,” he commented, effectively reiterating the question. 

“We have been working with partners and will continue to work, including the Minister of Housing and the Finance Minister to create conditions in which housing can and should be owned by people who are living in them,” he said.

2021 data from Statistics Canada revealed that investors own 43% of all condo apartments in Ontario, and a range of 14% to 21% of all houses. They also have a stranglehold on newly constructed properties, owning 57% of all condo apartments built in the past five years and 16% to 33% of houses built during the same period in Ontario. The figures are around the same for BC and Vancouver.

While Trudeau blames previous governments for underinvesting in housing, the commodification issue appears to have been going on during his watch. And, at this point not surprisingly, Trudeau’s government has yet to provide an answer that can sufficiently placate an increasingly frustrated public.


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

2026 Could Be Gold’s Biggest Year Yet!? | Ryan King – Equinox Gold

Gold Is Screaming Higher While Currencies Burn | Simon Ridgway – Rackla Metals

We Have the Highest-Grade Antimony Deposit in North America!? | Jim Atkinson -Antimony Resources

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

Russia Invades Ukraine, Global Leaders React

It appears that the world slipped in chaos overnight, as Russia at the break of...

Thursday, February 24, 2022, 11:48:46 AM

Canadians Moving To US Hits Decade High: “With Trudeau, I Have To Get Out Of Here”

Tens of thousands of Canadians are emigrating from Canada to the United States, reaching levels...

Thursday, May 30, 2024, 01:44:11 PM

Trudeau Threatens Grocery Chains With More Taxes If They Won’t Lower Prices

Prime Minister Justin Trudeau has issued a stern warning to grocery chains, signaling the possibility...

Friday, September 15, 2023, 10:59:00 AM

Trudeau Tight-Lipped on Liberal MPs Named in Classified Foreign Interference Report

Prime Minister Justin Trudeau on Saturday declined to confirm whether current Liberal MPs are implicated...

Monday, June 17, 2024, 10:49:00 AM

Canada’s Condo Crisis Traps Would-Be Home Upgraders

Canada’s struggling condominium market is trapping potential homebuyers who want to upgrade to larger properties,...

Wednesday, July 16, 2025, 11:29:00 AM