Ottawa, ON – Today, the Canadian Real Estate Association released a report confirming that Canadian housing prices continue to surge far beyond the point of affordability.
“Canadians are increasingly running out of options for places to live,” said Pierre Poilievre, who is running to replace Justin Trudeau as Prime Minister of Canada. “Housing prices across the country are surging as a direct result of gatekeepers blocking the development of new homes.”
A typical house in Canada cost $434,400 when Justin Trudeau came to power in 2015. Today, that number has almost exactly doubled. A typical house in Canada now costs $868,400. That is a nearly 100% increase in cost, while Canadians salaries have not grown by nearly that amount. The problem is only getting worse the longer he remains in power: the typical price increased by 29.2% between February 2021 and February 2022 alone.
These enormous price increases help to drive inflation, and make everything less affordable for Canadians.
“Canadians need to be able to have a place to live. Too many 30-year-olds are living in mom and dad’s basement and that is a direct result of Justinflation,” said Poilievre. “Mr. Trudeau: it’s time to stop printing moneyand start building houses.”
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