Feds focused on ‘restoring affordability’ in housing market | CTV Question Period
Housing Minister Sean Fraser discusses their plan to close the supply gap and the impact it could have on home prices.
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Пікірлер: 271
Does the LPC realize they've been in government the last 9 years? Zero accountability from this clown party.
@gcc8584
7 күн бұрын
They realize it. They hope Canadians don’t. They might be right.
@phlo2009
2 күн бұрын
9 years of wine and dine and free vacations for these guys.
This guy is so unqualified for this - just rehashing talking points
@Dot-he2ke
7 күн бұрын
He makes $200 000 more than Trump.
@mikeboston421
6 күн бұрын
he's a Trudeau Liberal, his questions before being hired, 'do you know truduea is a criminal and back him'?, do you know how to steal money and lieieieei with every word you speak? do you have a cracker jack box law degree?
@deadbluesky
6 күн бұрын
@@Dot-he2ke and how do you know this non sense ?? Trump is a billionaire he do more that 200k probably every day.
@Dot-he2ke
6 күн бұрын
@@deadbluesky going by wages paid. Anyone can look it up.
@Dot-he2ke
6 күн бұрын
Trump made 400k a year in wage. Fraser made a little over 600k. See the issue?
this dude had years to figure out "hyper charged immigration ===== lack of housing" he's sharply missed the plot
@pantagestoronto5635
7 күн бұрын
what makes you think he missed ? If he had missed he would have been kicked out of caucus, instead he was brought forward into housing and brought in to 'fix' it
@deadbluesky
6 күн бұрын
@@pantagestoronto5635 no actually he did bring too many immigrants compared to how many house can be made, Trudeau put him housing minister by saying try to repair the mess you did, unfortunately it is impossible with the Liberals and the over paid bureaucracy who stop the permit for housing.
@hirsch4155
6 күн бұрын
@@pantagestoronto5635yes indeed they knew exactly what they were doing . By design .
@jefftaylor844
6 күн бұрын
Liberals, in power since 2015 !
@Dam-a-fence
6 күн бұрын
Plot, Conservative plot. ...clever, even missing punctuation. Very clever.
Whenever you hear "thanks for the question" you know the following words are gonna be a non answer and a complete waste of oxygen.
@user-to8wd8fx4i
6 күн бұрын
OMG I think the exact same thing!! LOL
In 2014, a Canadian making $60k a year saw a clear path to home ownership. In 2024, a Canadian making 60k a year now believes they will never afford to buy a home. What a difference a government can make!
@user-vy5fx4hk6h
7 күн бұрын
A teacher in 2014 could save up and buy a home in a couple years. Now I personally know teachers making 70K and living in a room in shady rooming houses 😮
@adamstilwell4209
6 күн бұрын
In 2014 houses in my neighborhood averaged 80,000$. now 80,000$ is the minimum down payment.
@jitheshl7037
3 күн бұрын
The new figure is 140K to afford a home.
Sean is a clown
The double talk is nauseating
@Arkhanno
6 күн бұрын
Then you must hate Pierre Poilievre and Andrew Scheer. Everything that comes out of their mouths is doublespeak.
Last quarter, I hit the $100,000 mark, which was exciting but unremarkable. You continue to work, save, and make wise decisions despite the uncertain economic climate. Nevertheless, my portfolio has seen a significant fall in spite of market increases. My goal is to enhance it and optimize the yield.
@bandboyAntonio
4 күн бұрын
In their portfolios, everyone needs a margin of safety. It's not possible for me to give specific guidance, but speaking with a fiduciary advisor is essential for sensible portfolio restructuring.
@CoreyLloydo
4 күн бұрын
Indeed. With the assistance of a financial planner, I was able to diversify my portfolio across multiple markets and attain a net profit of over one million dollars by utilizing high-yielding bonds, ETFs, and shares. Having exposure to a range of companies, including ones that are currently producing cash flows, is essential.
@collins.l454
4 күн бұрын
Please let me know who your adviser is if it's okay; I need some recommendations
@CoreyLloydo
4 күн бұрын
She's known as *Leah* *Foster* *Alderman* One of the finest portfolio managers in the field also widely recognized. Just research the name. You’d find necessary details to work with and set up an appointment.
Fraser is at fault here! He helped create this mess
@Dam-a-fence
6 күн бұрын
Actually, Harper increased the economic migrants by 20% in 2012, said they had to have a 15 to 17 year old kid 'til 2017. Harper created this mess. Pierre helped.
@user-fb7ss5vv7p
6 күн бұрын
@@Dam-a-fencethen why were houses half the cost in 2014 I am confused 😢
@Dam-a-fence
6 күн бұрын
@@user-fb7ss5vv7p The 17 year old in 2012 was only 19 in 2014, and there were only 80 000 or so 15-17's spread out all over the country at that point. Also rent was still affordable because most rentals weren't owned by the newly arrived wealth yet.
@Dam-a-fence
6 күн бұрын
@@user-fb7ss5vv7p Two replies, I wrote, it still says only two replies exist, when it should say 4, 5 after this one. I'd wonder why but, I suspect it's because I'm right in them and it terrifies the moderator.
@littlelittle5
6 күн бұрын
@@Dam-a-fence 2012 Under Harper 263,000 immigrants. 2024 600,000 in the last 6 months. Get your facts straight!💙
This guy lost track of a million students and he is going to fix it! 😅😂🤣😂😂😅😂😂🤣🤣😂
Resign
Restore? Who ruined it? Do you trust a person to restore something he ruined?
The mess this guy created in immigration could take decades to clean up …. How long will his new mess in housing take to clean up?
9 years too late.
How can they restore affordability when Trudeau says publicly that housing prices must remain high?
@gcc8584
7 күн бұрын
Don’t confuse affordability with cost. Trudeau does not want costs to come down, he has said as much. He wants homes to be affordable for average Canadians. But the cost of housing is too high for average Canadians. So he wants average Canadians to have access to debt. That means lower rates and relaxed lending conditions. More debt. Less wealth.
He is a piece of work.
Fraser sitting there acting like he isn't the mouth breather that started this problem.
If the Liebrals were concerned about housing they would shut off immigration.
@baxakk7374
3 күн бұрын
Housing is not their responsibility and housing needs to keep value.
@georgesimon6041
3 күн бұрын
@@baxakk7374 Not real sharp, eh.
Import Millions of Indians...😂
Let me see JT has 5 mansions, 3 yachts and a private jet. He has a net worth of 130 million. JT doubled his net worth as PM from 60 million. JT is doing a great job for himself.
Like that'll ever happen. Affordability and Liberals should not be used in the same sentence.
should be jailed!
@huhujojo1968
6 күн бұрын
The whole international student program he was overseeing was a Ponzi Scheme the RCMP should have investigated.
Fraser is a DUD.
excited for sean to lose his job very soon.
I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are ridiculously high and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways
@ms_jon1
6 күн бұрын
I completely agree. As someone who recently retired, I had very little in retirement funds compared to my portfolio balance over the previous three years, no debt, and approximately 1.2 million in outside retirement accounts. Actually, one can only neglect rather than deny the importance of the invt-advisor. just need to conduct research to identify a reliable one.
@ArchieJohnson5h
6 күн бұрын
I’ve honestly been considering going the route of an advisor, this current market is no jokes for the average retail investor, but do these advisors really make any notable changes to a portfolio or am I better off on my own?
@palebiss1646
6 күн бұрын
Very well said, who is this adviser that guides you and how did you find them? I don’t seem to find any locally and I’ve been having a terrible year.
@ms_jon1
6 күн бұрын
"Leah Foster Alderman."
@ms_jon1
6 күн бұрын
for information on investing, insurance, ensuring retirement is adequately funded, and exploring strategies to provide a volatility buffer for investment risk, you'll probably get more information if you do an internet search for her
Frasier reaching into his bag of pixel dust to sprinkle around. Everyone knows the problem. Crash time. The next venezuala.
I don't think he took econ 101
It isn't possible to "restore affordability" to the housing market. Especially in the GTHA. Housing affordability is permanently gone.
@raguthanabalasingam2166
7 күн бұрын
Get rid of the Greenbelt. Lots of land between Newmarket and Barrie to build on affordably.
@AirmanRugby6
7 күн бұрын
Rent controls, regulate home owners and mortgagers different, restrict corporate ownership of residential property, restrict foreign buyers.
@raguthanabalasingam2166
7 күн бұрын
@@AirmanRugby6 If the supply of Single Family Houses is not allowed to increase in proportion with population(Greenbelt), the price of that product goes up, and the cost of land (Greenbelt, again). Only the price of the dog-crate condos can go up or down meaningfully. All of the speculation occurs because of the Greenbelt, otherwise we could build Single Family Homes all the way to Barrie, London, Peterborough to accomadate the speculators.
@AirmanRugby6
6 күн бұрын
@@raguthanabalasingam2166 Open the Greenbelt, it’ll all be bought by corporations and foreign buyers.
@AirmanRugby6
6 күн бұрын
@@raguthanabalasingam2166 The population growth has been largely due to the unmitigated disaster of immigration under Trudeau. The biggest issue for housing in Southern Ontario is Toronto citizens moving outward and creating an unbearable market for those smaller municipalities. We need to rein in immigration and regulate foreign buyers. You could analyze the issue just through the lens of the exploitative practices of universities bringing in foreign students who are then exploited by foreign landlords. We need actual solutions that make lives easier, rather than buttressing the interests of already wealthy and largely corrupt developers. Not all are corrupt, but those involved in the Greenbelt Scandal were clearly. Ford knows touching the Greenbelt is political suicide.
You cannot "restore affordability" with inflationary government spending 💰 and inflation is the ESSENCE of govt spending.. you reporters with your sociology and journalism degrees could use a crash course in objective, mathematical truths.. i know its hard and not every answer is valid and inclusive but you really do alot of harm to average citizens by misleading them.
How Sean become Minister its beyond my imagination
@samsunggalaxyj3prime889
6 күн бұрын
They played musical chairs one friday night after question period. Sean, with his gangly arms and legs, couldnt grab a chair and sit down fast enough, so getting the housing portfolio was his reluctant prize
Do not confuse this with “lower costs”. Trudeau has been clear, he does not want housing costs to come down. He wants houses to be affordable. So what does that mean. It means access to debt. He wants rates lowered and lending conditions relaxed. More debt. Less wealth. A real leader would create conditions for more wealth. More investment, lower taxes. But economic development and support goes against this government’s ideology.
Hey here's a non answer to your question. Might as well interview a bag of hammers. Oh wait a bag of hammers has a better chance of building a house!
Limit immigration/foreign students to reasonable levels. Limit residential property ownership by corporate enterprises. Limit additional residential property ownership with a progressive tax. Regulate & enforce ABNB (& like enterprises) standards Canada wide. Problem solved - Rocket science! For a little bonus - add/allow some competition to the Canadian oligopolies. Bell/Rogers, grocers etc.
@kylegallant3423
7 күн бұрын
well said
@TheValentine12345
7 күн бұрын
Stop import Indians!!!!
@raguthanabalasingam2166
7 күн бұрын
Open up the Greenbelt and build more single family houses in the suburbs instead of dog-crate condos downtown.
The unchecked millions of "international students" from India is what is not being talked about, that's also impacting housing.
So when’s the housing get cut in half ? 4years ago when housing was half of what it was now it was barley affordable.
@gcc8584
7 күн бұрын
Goal economic collapse of Canada if housing cost gets chopped in half. Would mean political and societal upheaval and ruling party would be ousted immediately. Almost all of our eggs are in the real estate basket. We don’t build anything anymore. We don’t innovate and we refuse to take advantage of our vast natural resources. Real estate is the only thing that has kept the avg Canadians standard of living from collapsing over the last 25 years. We must support our precious real estate bubble as it is all we have and the alternative is horrifying.
@gcc8584
7 күн бұрын
Total- not goal.
@Canuck-sv8dh
6 күн бұрын
@@gcc8584 The real estate bubble is wrecking the lives of many Canadians. Our standard of living is in the crapper because of it.
Restoring affordability? They caused it!
Unfortunately, most of our politicians are only talking about affordability problem, in reality, they are more concerned about real estate prices going down. It is a card tower capable of burying entire economy not just someone’s political career. Nobody wants to deal with all the mess. Arbitrary immigration targets are simultaneously increasing demand and suppressing wage growth.
The biggest bozo they have in the cabinet casket.
Suuuuure
Fraser is a little too dense to be an effective conman. His unilingual attempts at appearing distantly empathic are more effective.
Ask him how much does he believe the average Canadian can afford.
at the rate we are going, i will never be able to afford a home.
never seen so much Incompetence !!!!
What do they mean by Affordability in terms of dollars and cents… I see house prices are still going up with BoC’s interest rate at multi year high….
Yes sean fraser, you are so right; I’m absolutely okay with my house value going down, just to help out the liberal government and there very thoughtful, clever spending strategies. I’m also right on queue with paying more capital gains tax, just to help out a bit more. I’m off to the food bank now, but nice talking to you!
Limit immigration for 10 years
If prices is high everything then customer pays more tax isn’t it ?
Tough promises from a party that’s still spending and still pushing taxes. Neither will help their cause.
Putting modular homes or shipping container homes would be quicker than to build on property ? With a car port or garage ..one ..two and three bedrooms homes to rent to own or purpose to own
At the end of the day, we have a housing minister who is mandated to build affordable housing but doesn’t know what represents affordable housing. Define affordability. Is it a $350,000 home? Is it $400,000? If you don’t know what the goalposts are, you can’t score.
@theowoytowich9959
21 сағат бұрын
Agree
The same guy who made it a problem for both newcomers and locals
The problem is that there are to many immigrants very little homes
Canadians focused on removing this criminal Government. 👍🏻
Well i don't like the guy he is behind the immigration mess and the housing problem BUT i give it to him he actually answer the questions directly from his knowing and im surprise coming from a Liberal compared to Freeland and others Liberals MP who did get to Vassy news !! Still Poilievre for PM an election ASAP is needed.
In USA, a brand new house only costs half million while in Vancouver over 3 millions , is it because the labor , lumber or government overhead too high ?
Only solution is to add capital gain tax on primary residence and increase tax on non resident sellers. Decrease the tax on workers !!!
If focused meant could't care less maybe i'd believe it.
FJT, prime minister just made clear. He is not moving a finger to do life easier for Canadian youths. the government wants milk every possible penny from hard working Canadians.
2015 you promise to put the price of house down ! 🤡🤡🤡🤡
Homeowners = you keep homes prices up, you get my vote.
bill c-398 must pass
totally clueless.....scary he is in charge of this.
He did great with immigration, guy is a rock star
Sean has 4389 sq feet Mansion on the lake in Nova Scotia he also own 4 rental properties in Nova Scotia renting to students from India.
Let me guess. They're going to pay for all of this by coming up with some more idiotic rules or laws and increasing taxes al across the board. Just a lucky guess.
Fraser is to blame, it almost seems like he receited this over and over before being questioned,lol a few years from now??????????? seriously time for him to go!
This is the same guy that spent $220000.00 of tax payers money for 6 days of food on his trip right? I don't believe anything that he says.
Wow. They just talk and put expectations on Canadians without actually knowing what they feel. What home owner would be okay with their home value decreasing? WTH?
9 Years now! , you created this problem. Resign Fraser
Oh please stop saying we will build more homes!!! The main thing that has to be done is by Bank of Canada like increase interest rate to a level that no one can buy new homes,… and automatically the home price will come down to pre-pandemic level. This will happen only is no one tries to interfere in Bank of Canada decision and let them research and do their work by themselves.
Lol they started the fire
Call an election that would be a start.
Won't all building supplies become more expensive due to the goverment getting involved in building houses? You have to compete for the same 2x4 against the treasury of Canada.
Housinv minister: I want cake and eat it too.
How can the liberals be focused on restoring housing affordability? Trudeau just said a couple of weeks ago that he does not want home prices to come down. These jokers seriously need to get their story straight.
this guy failed as the Minister of Immigration. Who let him become the Minister of Housing?
OMG, what a crock.
What’s the purpose of the Housing Accelerator Fund? What’s separate and different? Sounds like it similar to the infrastructure fund.
Hike rates to 10 percent in one go and see how prices will be affected
Housing affordability is a major issue currently in canada.
You can maintain home prices and make housing more affordable by making Canadians' paycheques higher.
If a person makes a long line of cars waiting to order food because thay cant do the job and orders are wrong they get fired. Don't think this guy could work at McDs
These governors took way too long to bring real actions and measures; now it is too late.
Wake up lady we need to have infrastructure to build housing , not just talking . Where the money comes from?
How can you restore affordability in housing market without bubble burst?
Guy its just words these politicans go to school to learn these words but they are not on the ground hence the disconnect from reality. THIS GUY😅😢
Trudeau wants to "maintain current prices". How do we make homes affordable?
Summer will be over soon tents will go on sale
Get rid of the carbon tax and housing supplies will drop 35 percent of value
@Dam-a-fence
6 күн бұрын
That's ridiculous.
the whole point is to bring down home prices. stop wasting money and interest rates will drop.
Promises. Promises.Promises. Never any meaningful action.
Justinder Singh (aka Trudie) must GO!
An another rainbow and lollipop idea. PLEASE BRING IN AFFORDABILITY AND ALL THE SURROUNDING HOUSING PRICES WILL DROP AND SO WILL PROPER TAXES, SO YEAH FRASER, SO GO BORROW JUSTIN SHOVEL AND START DIGGING.
Tax on capital gain for primary residence,,!! Increase tax on non resident home owners
@dembipor
7 күн бұрын
Tax capital gain or primary residence ? I guess you’re one of those who are too lazy or dumb to have one. I’m sick and tired my taxes supporting lazy bums and foreign countries.
@dembipor
7 күн бұрын
Thanks to taxes you’ll never own anything. Now asks for more taxes … 😂
Keep focusing on Sean since 2015
October 2025 can’t come soon enough!
Wages are outpacing inflation? Uhm, maybe HIS wage increases are, but for the average canadian not a chance.
Thanks for the question 😅😅😅😅
This loser can’t forecast unintended consequences. Leave it to the private sector. Of course it will bring down the value of what is typically the most important life investment. All construction impacts the supply curve and creates a downward pressure in value. Fraser doesn’t understand basic economics…
Your primary goal will surely work especially when we have to compete with 500k immigrants per year to have a roof over our heads