Trudeau Sees Period of Pressure in Canada Housing Market

The video discusses the rapid growth in the housing market, particularly in Vancouver and Toronto, and the Ontario government's introduction of a 15% tax on foreign buyers. It raises questions about whether the market is a bubble and how to address it. The discussion highlights the challenges faced by the government in balancing global investment with housing affordability. The federal government has taken steps like adjusting mortgage rules, but recognizes the need for a long-term strategy. This includes investing in affordable housing and rental units to ensure market stability and affordability for residents.

What long-term strategy is being implemented to address housing issues?

What concerns are raised about the affordability of housing in cities?