Politicians point fingers on housing crisis, but calls growing for more co-operation

As it stands, Canada is not on track to build the 3.5 million additional homes — on top of the current pace of building — that the federal housing agency says are needed to restore affordability by 2030.

"No one level of government controls all the policy levers that affect both the demand and supply for housing. And it's one of the things that's made this such a tricky problem is there's been a lot more finger pointing," said Mike Moffatt, an assistant professor at Western University. Moffatt, who served as an economic adviser to then-Liberal leader Justin Trudeau, said the Liberal government got elected in 2015 in part because millennial voters were energized by their progressive policy proposals, including legalizing cannabis."There's a real risk here that the very same people who got the Liberals elected in 2015 may be the ones to get them defeated during the next federal election," Moffatt said.

For young people, the report highlights how housing affordability is altering life choices. Young people who spend more than 30 per cent of their income on shelter, for example, start having kids at a later age.

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Politicians point fingers on housing crisis, but calls growing for more co-operationOfficials from the Canada Mortgage and Housing Corp. say accelerating the pace of new housing will require a “Team Canada” approach
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