Power Play: One-on-one with housing minister

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Is it fair to to tell Canadians realistically the increases that you’re driving in Supply will not affect affordability for a decade or so uh it it’ll depend on the individual Market but keep in mind the cmhc numbers contemplate achieving a level of affordability that hasn’t existed for uh

More than two decades now so what level of affordability does your government want to achieve and I think that’s a reasonable goal because you uh started to see a change and you look a little bit more recently sort of 2008 2009 where Canada was separated from the rest

Of the uh the pack internationally uh but everything we do until we reach that level of affordability is going to bring us closer to that level of affordability it’s not as though we wake up one morning and home prices are suddenly radically different uh over time compared to a person’s incomes uh we

Hope to uh achieve a level of uh uh whether it’s a rent or purchase price that people can afford

#cdnpoli #politics #canada #housing

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48 COMMENTS

  1. Keep in mind that it was the Harper government that saw the loss of 800,000 affordable homes. The Conservatives axed the co-op housing program and helped create the current housing crisis for Canadian renters and homeowners.

  2. With all due respect, Minister, I believe your statement may potentially sway the undecided voters away. The urgency for housing in Canada is palpable. A drastic measure such as destabilizing the housing market and reclaiming homes from investors appears to be the only viable solution at this juncture.

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