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Conservative Leader says his government would tackle the housing issue
BY , Aug 19, 2021 3:39 PM - REPORT AN ERRORThe federal Conservatives are pledging to build a million homes in three years if they're elected next month.
Party leader Erin O'Toole says the supply of homes has lagged behind the country's growing population and that investors abroad are parking their cash in Canadian residential properties.
N-D-P Leader Jagmeet Singh has promised his party would build 500-thousand affordable homes in 10 years, while targeting money laundering and organized crime in the housing sector by making it harder to hide behind nameless companies.
The Canadian Real Estate Association says the average home-sale price in Canada rose 26 per cent year-over-year in June to 679 thousand dollars, with sales activity up by 14 per cent.
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