Canada's Housing Market: New Minister Says "Nah" to Price Drops 🏠📉

The Tea is Spilled

Aight, so listen up, Canada's in a whole housing crisis sitch, right? Everyone's stressing about prices being sky-high. But the new Housing Minister just dropped a bomb: they're not trying to make prices go down. Like, at all.

Their whole vibe is about building more houses, especially the affordable kind. They're talking doubling the construction game and focusing hard on spots that won't break the bank. Basically, more supply = (hopefully) less stress.

But wait, there's more. The opposition is HELLA salty about this appointment. They're saying the minister is to blame for the wild prices in Vancouver back in the day. Ouch. The Prime Minister clapped back, saying they've got a solid housing plan and they're sticking with it.

And here's some extra tea: apparently, a former prime minister once said house prices couldn't keep going up forever. 👀 Wonder what they think now?

Speaking of Vancouver, word on the street is that when this minister was mayor, detached house prices doubled! Doubled, fam! And Vancouver became one of the least affordable cities on the planet. They promised affordable housing, but some say it didn't exactly pan out. The minister later said it was the fault of underinvestment by other governments and offshore investors.

Oh, and Mark Carney's got a whole new cabinet. Sean Fraser is now Minister of Justice after immigration stuff, Chrystia Freeland is handling transport after racking up federal debt, Mélanie Joly's in industry after some Israel-Hamas War drama, François-Philippe Champagne's on finance after dishing out billions, and Steven Guilbeault is doing Canadian Identity and Culture after a gas car ban and some wildfire heat. Whew, that's a lot!