Canada has averaged around 200,000 new housing units annually in recent years and pledged to 'double our current rate of new construction over the next decade.
The biggest new housing measure in the budget is a 4 billion Canadian Dollars, about .It said Canada has averaged around 200,000 new housing units annually in recent years.
Canadian housing prices were already high before the pandemic before rising by more than 50% in the past two years. The price surge has become one of the top political issues in the country. "Dollars to doughnuts this won't happen, and not for lack of good intentions," Robert Kavcic, senior economist with the Bank of Montreal, wrote this week in a note to investors.
Hussen said he knows this skepticism is out there, but argued his government has already shown it can deliver on ambitious programs. Last year the Liberals pledged to get every province to sign on to a universal child care program, and they got the final piece in place last month when Ontario agreed.
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