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HomeInsurance & Mortgages NewsPM Trudeau’s promise to tackle housing affordability if re-elected

PM Trudeau’s promise to tackle housing affordability if re-elected

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HAMILTON, Ontario (CU)_Although the Canadian housing market has begun reporting a slight slowdown after a boom in property values during the COVID-19 pandemic, surging house prices has turned out to be a central issue in the presidential campaigns leading up to the twentieth-September vote. Outrage regarding the issue of house affordability is mostly directed towards foreign buyers, particularly in cities like Vancouver, where real estate is becoming increasingly popular among non-resident buyers from China and Hong Kong.

In order to address this challenge, Canadian Prime Minister Justin Trudeau vowed to…

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