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.
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.