It’s early days, but across the country, Canadians have had real concerns about the real estate and housing industry with affordability the most significant issue both pre-and post-election. Although the impact of the election to the housing market is still to be determined, home buyers and sellers in Canada and abroad will want to stay informed.
There’s no doubt Prime Minister Justin Trudeau’s minority government will need to work quickly to develop a plan that addresses Canadians’ housing concerns. It will be far more of a challenge this time around because in his second term, the Liberals’ 157 seats are well-short of the 170 seats they needed for a majority. In the House of Commons, the opposition could reject any proposed legislation, something they couldn’t do as easily under a majority government.