Just The Facts: Housing Starts Continue To Decline Under Justin Trudeau

After eight years of Justin Trudeau and a year and a half after the launch of their Housing Accelerator Fund, housing across Canada is less accessible than ever, and new construction starts paint an ugly picture for the future.
Yesterday, the Canada Mortgage and Housing Corporation published its new data on monthly housing starts, with bleak news for Canada’s biggest markets and across the board.
In Vancouver, housing starts on a seasonal basis are down 17% in just the last month. Toronto faces a drop of 10% from this time last year. While these two cities are particularly bad, Canada’s national numbers show an 8% decrease in September 2023 compared to September 2022.
On a provincial level, Ontario and BC continue to be hit hard. September 2023 saw a 24% drop in Ontarian housing starts, with BC showing a 26% drop. This is roughly 4,000 fewer homes started in September 2023 compared to September 2022 in Ontario and BC.
A year and a half after the creation of the so-called “Housing Accelerator Fund,” housing starts are decelerating quickly. Justin Trudeau and his NDP-Liberal government are not taking Canada’s housing crisis seriously. They aren’t worth the cost.
Only Common Sense Conservatives will bring the solutions that Canadians need by building homes that they can actually afford.