National: New Housing Minister Advocates Immigration as a Solution for Affordability and Supply Challenges

Canada’s new housing and infrastructure minister, Sean Fraser, has stated that the solution to the country’s housing challenges is not to close the door to newcomers, but rather to build more homes to accommodate higher immigration levels. Fraser, who previously served as immigration minister, was sworn in as part of a cabinet shuffle by the Liberal government. He recognizes that strong population growth through immigration is adding pressure to housing demand and contributing to affordability issues. Fraser believes that immigration can be part of the solution by addressing the labor force shortage in the construction industry. The federal housing file has been merged with infrastructure and communities to look at housing and infrastructure projects together. The goal is to leverage more progress by encouraging the development of housing where infrastructure already exists or is planned. Fraser’s appointment is seen as a recognition of the need for a strong communicator to address the housing crisis facing Canadians. The government understands the link between housing and immigration and recognizes that losing the argument on housing would also impact immigration and the economic strategy. The housing market in Canada has been facing criticism, and there is pressure to build more homes to meet the growing demand. BMO’s analysis shows that as the population grows, housing prices also increase. The Conservative leader, Pierre Poilievre, has been focusing on the need for more housing. Fraser acknowledges that housing affordability is a major challenge, particularly for younger Canadians, and highlights the importance of measures to build more homes, make it easier for people to enter the market, and provide protections for low-income families. The Canada Mortgage Housing Corporation warns that an additional 3.5 million homes are needed by 2030 to restore affordability. The decision to combine housing and infrastructure is seen as positive, and Fraser’s experience as immigration minister is expected to inform his role in addressing housing issues.

FOLLOW US ON GOOGLE NEWS

Read original article here

Denial of responsibility! Swift Telecast is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – swifttelecast.com. The content will be deleted within 24 hours.

Leave a Comment