Increasing unaffordability in Canada’s red-hot housing market a ‘national emergency,’ says NDP’s Kwan
Both the federal government and economists are watching housing prices closely after a massive spike in average home prices in March, with BMO’s chief economist Doug Porter saying June prices will likely be ‘miles above where they were a year ago.’
With historically high sales activity in Canada's housing market, including a record-setting month in March, NDP MP Jenny Kwan says Canada's housing situation is "one of several national emergencies" outside of the pandemic, with home ownership becoming increasingly unaffordable and unattainable.
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