Canada’s New Government: Navigating Housing Policies Amid Crisis

Following a whirlwind five-week federal election campaign, Mark Carney and the Liberal Party of Canada have emerged victorious, poised to lead the nation through a crucial period marked by pressing economic issues. The recent election highlighted two major narratives: the ability to confront U.S. President Donald Trump and the imperative to address Canada’s escalating cost of living and affordability crisis. At the forefront of these discussions was the central role of housing policy, a concern vigorously championed by the Canadian Real Estate Association (CREA).

the Election: Housing Takes Center Stage

The 2023 federal election served as a profound reflection of Canada’s socio-economic climate, focusing heavily on the affordability crisis that has gripped numerous Canadians. With soaring housing prices and increasing rental costs, the debate crystallized around which party could offer the most viable solutions. The CREA’s dedicated campaign ensured that housing was not just an afterthought but a focal point throughout the election discourse.

The Housing Canada Coalition, which includes CREA, crafted a comprehensive 10-point policy blueprint designed to dismantle the barriers in the housing market and construct a robust housing safety net. By framing the issue of housing as integral to both the cost of living and broader economic stability, CREA galvanized public and political attention.

Amplifying Advocacy Efforts

CREA’s support of the Housing Canada Coalition’s advocacy campaign played a critical role in urging all political parties to acknowledge the urgency of the housing crisis. With a strategic focus, CREA effectively amplified the Coalition’s messages, encouraging concrete commitments from various parties. The proactive approach resulted in a significant number of policy pledges that echoed CREA’s long-held recommendations, fostering a clearer alignment between political rhetoric and actionable goals.

A comprehensive overview of these commitments is accessible through the REALTOR® Action Network, reflecting the collaborative effort to shape housing policy.

Looking Ahead: Prime Minister Carney’s Agenda

Anticipation builds as Prime Minister Carney prepares to open the new Parliament in mid-May, potentially tabling a budget before the summer session. A pivotal moment will occur in June 2025 when Canada hosts the G7 Leaders’ Summit; this high-profile event will undoubtedly influence the government’s timeline for addressing critical issues, including housing.

Transitioning from election mode to strategic engagement is now paramount for CREA. The organization is poised to analyze election results, identify synergies with the new government’s platform commitments, and formulate a robust lobbying strategy that underscores the ongoing need for effective housing policies.

Strategic Engagement and Grassroots Efforts

Building on the momentum created by the Housing Canada Coalition advocacy campaign, CREA’s strategic engagement in the subsequent weeks and months will be vital. Establishing new relationships while strengthening existing ones will be crucial for advancing housing interests. The grassroots efforts through the Political Action Committee (PAC) network will play an instrumental role in leveraging public support for meaningful change.

As part of this ongoing commitment, CREA will host its 40th annual PAC Days from October 26–28, 2025. This event will serve as a critical opportunity for stakeholders to come together, share insights, and collaboratively strategize on housing and economic issues that are ripe for action.

Conclusion: A Call to Action

As Canada steps into a new political landscape, the spotlight on housing will remain bright. Prime Minister Carney’s government faces the challenge of not only responding to the concerns presented during the election but actively pursuing policies that alleviate the cost of living crisis through sustainable housing initiatives. CREA, alongside its partners in the Housing Canada Coalition, remains committed to advocating for informed, effective measures that will safeguard housing for all Canadians.

The time for action is now, and with concerted efforts from all sectors, there is hope for a future where housing affordability is within reach for every individual and family in Canada.