Unaffordable Housing Prices Continue to Rise | April 19, 2022
Today, the Canadian Real Estate Association reported that housing prices have reached another record high, with the average price of a home reaching $874,100 – a jolting 27.1 per cent increase over the last year.
As the dream of homeownership continues to slip away for an entire generation of Canadians, the Trudeau Liberals continue to offer hollow promises and failing programs to tackle the housing unaffordability crisis.
Rather than tackling the supply shortage that is driving the crisis, the Liberals doubled down on the same failing programs like the First-time Home Buyer’s Incentive and the Shared Equity Mortgage fund — programs that won’t see a single additional home built this year, or help a Canadian family afford a home who otherwise couldn’t.
As housing prices set new records every month, and have doubled under Justin Trudeau, Canadians can’t afford more hollow promises and failing programs.
I will continue to be the voice of families and young people in Essex and across Canada who are struggling to afford rent and are giving up on the dream of homeownership. I will continue to advocate for common-sense solutions to keep the dream of homeownership alive.