Two alternatives to the Canadian housing problem: which one to choose?
In Canada the housing issue and affordability problem are becoming more and more acute. Here are the options political opponents propose in order to solve it.
Canadian Prime Minister Justin Trudeau has launched a CAD 4 billion initiative that will provide funding to local governments in order to accelerate the building of 100,000 new houses across Canada.
This measure was announced in 2022 as a part of the federal budget. The deadline is years 2026 – 2027.
Over the next decade, the Canadian government intends to double the number of houses being built to make it more affordable. The Housing Accelerator Fund (HAF) application portal will start functioning this June.
The leader of the Conservative Party, Pierre Poilievre, who is running for Prime Minister of Canada, has consistently criticized Justin Trudeau. He regularly brings into discussion election interference, inflation and he also blames Trudeau for the unsuccessful housing policy.
Before Trudeau, Poilievre says, the average monthly mortgage payment was CAD 1,400. Under Trudeau, that amount has more than doubled. Today, the average Canadian takes CAD 3,200 out of his pocket every month to pay a mortgage. Vancouver and Toronto are ranked 3rd and 10th world's most unaffordable cities.
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