Canada's Housing Crisis Will Take Years to Fix Despite Record Construction, Hurting Trudeau's Liberals

Canada's housing crisis will take years to resolve according to Finance Minister Chrystia Freeland, even with record construction levels.
The crisis is hurting the popularity of Trudeau's Liberal government.
Housing is mainly the responsibility of provinces and cities, with the federal government's role limited.
Freeland says solving the crisis will require coordinated, long-term efforts from all levels of government and the private sector.
The federal government is taking some steps like removing a tax on new rental construction and pushing cities to address housing supply.

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Posted 9/16/2023, 8:59:00 PM