Home National Did Liberal’s Immigration Policy Created Housing Shortage?

Did Liberal’s Immigration Policy Created Housing Shortage?

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Conservative Party of Canada is saying everything against Trudeau’s “mishandling the housing issue” but no one is saying it clearly with the final exception of Maxime Bernier that the housing shortages occurred due to governments immigration policy to overcome labour shortages.

Shortage is one thing, but affordability is another. Rents are too high and housing costs are too high, thanks to the Fed increasing the interest rates making the homeowner’s life difficult. Home owners who bought the properties years ago face high interest rates who did nothing.

Fed’s interest rate hike did not bring food prices down. “We are in invisible recession because mortgage payments are doubled and it would be trippled as soon as our renewal comes”, a homeowner buying grocery said with tears in her eyes. “New immigrants created housing shortages and bubbled housing prices” she added.

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