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Canada’s housing crisis is shaping up to be a defining issue in the 2025 federal election, with affordability and supply challenges pushing the matter to the forefront of public concern. Years of escalating home prices, coupled with sluggish construction rates, have made housing a national economic and social issue. As younger generations struggle to enter the market and rental pressures intensify, all political parties are expected to respond with robust housing strategies.

Experts argue that one major barrier to housing development is the high cost of building, largely driven by government taxes, fees, and delays. These added costs can make up over a third of the price of a new home. In response, policy advocates are calling for a reduction in these financial burdens and a revamp of the permitting and approval processes. Accelerating development timelines and promoting new construction methods—such as modular housing—are also seen as crucial to increasing supply.

Ultimately, housing is no longer just a municipal concern—it’s a national priority. Political leaders are being urged to take bold, coordinated action to address affordability and availability, or risk economic stagnation and growing voter frustration. With public sentiment shifting, housing policy could play a pivotal role in determining the next government.

Read the full article on: REAL ESTATE MAGAZINE