The Liberals' housing-related measures over the past few months do not seem to be resonating with Canadians, poll suggests
As many as two in three Canadians believe that the federal government is doing a “very poor” or “poor job” at managing housing policy to improve affordability, according to a new poll conducted by Nanos Research for Bloomberg News.
The survey found that residents of the Prairie provinces were more likely to indicate a belief that the federal government is doing a “poor” or “very poor” job (79%) compared to the overall Canadian population (66%).
Respondents under 55 years of age were also more likely to give the Liberals a poor rating compared to older Canadians, Nanos said.
Amid projections of continued declines in housing supply and affordability throughout 2024, RESCON is urging political leaders at all levels of government to address these issues.
— Canadian Mortgage Professional Magazine (@CMPmagazine) January 5, 2024
Read more: https://t.co/aaL3eBy7zw#mortgageindustry #housingmarket #housingsupply #mortgage
The glum outlook was in spite of the Trudeau administration’s housing-related measures and proposals over the past few months. Among these were the removal of the federal sales tax on new purpose-built rental units and announcements amounting to billions of dollars in new funding for municipalities to accelerate their construction of new housing supply.
“The fact that only 2% score the Liberal housing initiatives as ‘very good’ and another 6% ‘good’ indicates there are few that have confidence in these policies to make housing more affordable,” said Nik Nanos of Nanos Research.
The Nanos poll found that more than a quarter of respondents believe that building more public housing was the central solution when it comes to ensuring better affordability. Another 17% consider cuts on immigration numbers and bringing down mortgage rates as potentially effective approaches.
