Experts say voters should ask politicians to solve the affordability problem

Experts say voters should ask politicians to solve the affordability problem

Experts say that major political parties have not adequately addressed Canada’s affordability issues during their campaigns, and voters should ask politicians to resolve issues such as rising living costs, housing shortages and slowing economic growth.

According to a poll published by Maru Public Opinion on August 19, the top issue for Canadians (28%) to participate in elections is that the government “makes themselves and/or their family members’ living costs and affordability better”.

However, Canadians’ affordable energy chairman and former Liberal MP Dan McTeague pointed out that no major party has solved the affordability problem, but “smartly avoided it”.

“Everyone tends to have good and creative ideas about how to spend money, but few people take a responsible stand and realize that the cost of living has risen sharply. No one seems to see our supply chain under tremendous pressure. The result of the next release,” McTeague told The Epoch Times.

Ian Lee, associate professor of business at Carleton University, said that major political parties have not yet resolved the issue of promoting economic growth to cover rising costs.

“My criticism of this movement is that all the conversation, all the focus, is the redistribution of money, and an unspecified assumption that money will flow in by itself and the economy will grow by itself,” Li said in an interview. .

“If we are to talk about spending and redistributing funds, then we have to talk about developing the economy to generate funds. … We should ask our leaders, everyone [party] Leader: How do you plan to create growth and employment opportunities in the Canadian economy in the future. “

Rising cost

McTeague said that because the government has focused on “one or two issues driven by political elites” over the years, costs in the food, energy, heating, and housing sectors are all rising.

He said that even the Conservative Party, which has traditionally attached importance to fiscal prudence, is supporting energy policies that may further increase costs.

“The Conservative Party did not realize that these green policies were a mirror image of the green energy we saw in Ontario, which has tripled the cost of electricity and weakened the province’s finances,” he said.

An Angus Reid survey released in June found that Canadians’ daily living costs are rising due to inflation. Respondents said that in the past six months, they have improved their homes through renovations (96%), may buy new houses (95%), fill up their gas tanks (93%), buy groceries for their families (92%), and Pay rent (56%).

National housing shortage

Lee said that one of the most worrying affordability issues facing Canadians, especially the younger generation, is housing shortages, which drive up housing costs.

A study released by the Bank of Scotiabank in May found that Canada has a much lower number of housing units than other G7 countries, with an average of 471 housing units per 1,000 residents. To reach this level of housing supply, Canada needs to build additional studies that say 1.8 million households.

Lee said that one of the main reasons for the housing shortage is “in Canadian municipalities and big cities…Municipal councilors and mayors have been passing different regulations and rules to restrict the construction of new suburbs and new homes” because they are worried about urban expansion. Harm to the environment.

He said that urban sprawl—the rapid expansion of cities and towns to accommodate the growing population—is a “negative derogatory term for growth.” In order to avoid this situation, the city government is unwilling to build more housing, leading to housing shortages, and vice versa. high price.

He said: “I believe ordinary Canadians are increasingly aware of the main problem of the housing crisis… is the underbuilding of houses.”

Lee said that both the Liberal Party and the Conservative Party promised to build one million or more new houses if elected, but they did not make full efforts to solve the root cause of the housing shortage, which is to force the municipality to build more houses.

“The Canadian government provides a lot of financial support to municipalities across Canada-they can use this support and make it conditional, provide financial support to municipalities such as public transportation, and make it conditional on building more houses,” he Say.

“Similarly, provincial governments can exert influence on these municipalities that deliberately restrict housing supply.”

Lee said another disturbing issue is the lack of a “positive climate” for foreign investors, which has led to a decline in commercial capital investment in Canada, which is necessary to promote economic growth.

“It will not help Canada,” he said. “We must create an atmosphere that encourages countries to invest in Canada, not hinder companies from investing.”

Li said that issues such as red tape and “hostile ideologies” targeting certain industries (such as fossil fuels and pharmaceuticals) have also caused foreign investors and companies to leave Canada.

Andrew is a reporter based in Toronto.


This News Originally From – The Epoch Times