Ottawa, ON – After nine years of Justin Trudeau, Canadians are living through a housing hell. The Liberals have failed to build enough homes for Canadians to live in, resulting in the cost of downpayments, mortgages and rent all doubling in the time that the Liberals have been in government.
Today, Statistics Canada confirmed once again that the Liberal housing plan has failed. This new report showed that the number of dwelling units created had fallen from 27,625 in May to 24,933 in June. This represents a drop of 9.7 percent.
On top of this, when comparing June 2023 to June 2024, the number of dwelling units created has collapsed by 22.4 percent. The housing crisis is even more severe in Canada’s most expensive provinces. In Ontario, when comparing the last 12 months with the previous 12 months before that, the number of dwelling units created is down 7 percent. In British Columbia, that number is 16 percent.
Under Trudeau, Canada is failing to build enough homes to match Canada’s growing population. There are currently fewer homes being built than there were in the 1970s when Canada’s population was half the size. The Liberal Government has tried to fix this problem by throwing billions of dollars at the municipal gatekeepers who caused the housing crisis in the first place in exchange for pointless photo-ops.
But as Common Sense Conservatives warned, Trudeau’s housing strategy has only made things worse. Since Toronto signed its housing accelerator fund agreement with Trudeau in December 2023, the number of units permitted is down 23.6%, when comparing the last six months with the same period last year. The results are similar in Vancouver and Winnipeg, where the number of units permitted is down 11.5 percent and 11 percent, respectively.
It is no wonder that Canada’s asking rent reached $2,201 in July 2024, matching the highest average asking rent ever recorded by Rentals.ca.
Justin Trudeau just isn’t worth the cost. Only Common Sense Conservatives will build homes that Canadians can afford by firing the gatekeepers and tying federal infrastructure funding to housing starts.