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HomeInsurance & Mortgages NewsProposed reforms could backfire

Proposed reforms could backfire

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OTTAWA (CU)_With the 2021 federal election scheduled to be held later his month, Canadian Prime Minister Justin Trudeau’s Liberal Party is seeking a third consecutive win and is currently occupied with their efforts to appeal to left-leaning voters with a series of promises aims at helping the middle class. Accordingly, one of the central issues that is being targeted by the Liberals, as well as all other parties, is the housing crisis as prices continues to skyrocket. Although there has been a decline in the number of houses that are changing hands, over the past year, the average cost of a home surged by 16 per cent to CA$669,200 (US$529,840) last month.  

Therefore, in a release published last week, the Liberal Party leader promised to…

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