Canada set to have the most unaffordable housing in the world
Canada is poised to officially become the most unaffordable place on Earth in terms of housing over the coming months based on Canadians’ income levels and ability to afford rent, mortgages, etc.
Trudeau says new focus is on ‘every generation starting right now’ after 9 years as PM
Trudeau says new focus is “fairness for every generation starting right now,” despite being in power for nearly a decade.
SHOCK: The average house in BC costs $1 million
To put this in perspective, a house in BC is now roughly on par with one in California, a place renowned for its unaffordability and low cost-to-quality-of-life ratio.
Liberals say mass immigration needed to fix housing crisis
When the cause of the problem is also the solution: Liberals ignore reports linking mass immigration to Canada’s housing crisis, claim immigration must remain high to fix housing crisis.
Trudeau blames Canada’s housing crisis on COVID, climate change, war
A reporter asked Trudeau if he bears any responsibility for the tough economic times Canadians are facing, but he didn’t answer, and instead said that things like climate change, foreign wars, and COVID are to blame.
CMHC warns of rising interest rates, “shocks that lie ahead”
CMHC predicts a 30-40% increase for monthly mortgage payments in the next two years for some.
Trudeau backtracks on comment that housing “isn’t a primary federal responsibility”
Trudeau walks back his comments on housing, takes credit for doing more than Harper.
EGREGIOUS: Canada Mortgage and Housing Corp doles out $27 million in bonuses amid housing affordability crisis
Housing costs started becoming a problem when Trudeau became Prime Minister.
Feds to ban foreign buyers from purchasing Canadian real estate
The Canadian government has finally promised to ban foreign buyers from dumping their money into Canadian real estate.