Matt Jeneroux, Conservative Shadow Minister for Housing and Diversity and Inclusion, issued the following statement in response to statistics released today by the Canadian Real Estate Association (CREA):
“Once again Canadians are learning that under this Liberal government the dream of homeownership or an affordable place to live is moving further and further away.
“Month after month after month, the home unaffordability crisis in Canada gets worse under Justin Trudeau’s Liberal government. Home prices have continuously spiralled out of control and are now a record 28 per cent higher than they were this time last year.
“The average home price continues to go up across the country. Canadians are now looking at an average price of $777,701 up from $728,561, just last month.
“While the Liberal government fails to address the major issues of supply and continues to hang on to failed programs like the First Time Homebuyer Incentive that most Canadians do not qualify for, the housing affordability crisis continues to get worse with no end in sight.
“This Liberal government has had six years to fix this issue and they have failed to develop a plan that works. Instead, they continue to support a system that they know favours foreign buyers and unaffordability for Canadians.
“Canadians who are worried about being able to afford rent or owning a home can’t afford more of the same failure from Justin Trudeau. Conservatives believe that the dream of homeownership and an affordable place to live can be a reality for all Canadians if the government actually helps to build more homes in Canada.”