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• September 07, 2021

Addressing Housing Affordability: How Each Federal Party Plans To Help You

Federal Election Blog Post Image Final

Every election has different issues that resonate with Canadian voters, climate change, the economy, and child care to name a few. The issue this federal election? Housing affordability. Over the last nineteen months, the Canadian housing market has gotten a tad out of control. Depending on where you stand it’s important to understand what each federal party’s platform means for you and your housing needs. Whether you’re a first-time homebuyer entering the market or a second-time homebuyer adding to your real estate portfolio this blog is for you.

Housing affordability has been in the minds of Canadians for the last eighteen months, it is even more important now during this federal election. But what exactly does affordability mean in the context of housing and mortgages? And has anything been done to improve affordability since housing and rents started skyrocketing over the past two years? A basic definition of housing affordability is the cost of housing, whether renting or owning, relative to the household or family’s income. So, in Canada affordability has decreased due to the increase in rents or home prices while incomes have not adjusted accordingly.

But what has really caused housing prices to increase so drastically? There are four key areas to understand when it comes to housing affordability in Canada: supply, demand, capital gains and activity.


There is a massive housing shortage in Canada (more than any G7 nation per capita). With a limited supply of goods, prices increase.


With interest rates at all-time lows coupled with speculative buying, homebuyers don’t want to miss out on the possible gains from entering the market. This has the effect of driving more people into homeownership.

Capital Gains

Middle-class Canadians have enjoyed an unprecedented increase in the value of their home in recent decades. Canadian homeowners have little interest in seeing that growth plateau or even decline.


The mortgage and housing industry requires a healthy and stable market to ensure continued progressive growth ahead.

Every Canadian has different housing needs, that’s why it’s imperative to understand how each housing platform will affect you and your family.  To help you become a better-informed voter, we’ve put together a summary of the Federal Party platforms. Click here to see where each party stands on housing and how it will impact you.

Reach out to your knowledgeable Pineapple agent if you have any questions regarding these platforms, how these will affect your current mortgage or mortgage qualification. Our agents will be happy to answer any questions you may have. Please click here and reach out to us if you have any questions. Finally, get informed, make your voice heard and go vote!

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