Canada's Housing Crisis and Promise

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housing crisis

CityNews

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Business

Business & Economics

Crisis and promise: how each federal party plans to fix housing in Canada

Summary

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79% Informative

Liberal platform promises to build half a million homes every year by investing $25 billion towards homes for “students, seniors, veterans, people with disabilities, and Indigenous housing, shelters and more” Conservatives promise to turn 15 per cent of federal buildings and lands into housing within the first 100 days if they form the next government.

The Greens want CMHC to focus on constructing non-market housing and building a prefabricated housing plant.

Both parties call for a ban preventing corporations from buying rental properties and social housing units.

The Bloc Québécois is calling for curbing real estate flipping by increasing the minimum ownership time of housing to two years before an investor can benefit from capital gains exemptions on profits from house sales.

The PPC blames “mass immigration” under Liberal governments led by Trudeau for the increase in home prices.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

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not offensive

Hate speech