Canadian polls show young adults are drifting away from the federal Liberal party. It seems they’re slowly figuring out that Prime Minister Justin Trudeau, despite his sympathetic rhetoric, is working against their dream of buying a first home.
While it’s taken a while for young and old to realize it, top bankers, retired civil servants, housing analysts, former property developers and housing activists are now declaring the Liberals are directly causing house-price inflation.
The retired head of B.C.’s civil service, Don Wright, recently wrote a piece titled, “Will Trudeau make it impossible for Eby to succeed?”
It explained how B.C.’s effort to reduce housing prices and build affordable dwellings “will be largely hostage to the federal government’s immigration policy.”
Wright, an economist, said Trudeau’s government routinely raises the “almost entirely fallacious” argument that Canada has a labour shortage to justify welcoming a record 438,000 new permanent residents in 2022, while adding another 680,000 non-permanent residents, including foreign students and other guest workers.
