LIVE: Breaking down Trudeau’s playbook | Aug 1, 2023
Canada ranks 64th in the OECD in the time it takes to get a building permit. Government red tape adds as much as $1,300,000 to each house in some cities, and the Prime Minister has made it worse by giving gatekeepers that block building more money.
Under Justin Trudeau fewer houses are being built, worsening the housing shortage. The trend in housing starts has been declining steadily since November 2022. In May, the trend was 230,205 units, down 4.2% from 240,318 units in April.
Data released from CMHC alongside its housing supply report shows annualized starts were down 11.2 per cent month over month in March. Across the first quarter of this year, total starts were at their lowest level since the early pandemic in 2020. (Global News, April 19, 2023).