Almost every housing market in Canada has spiraled out of control
They and the good people of Canada are now stuck with Mark Carney for as long as he maintains the confidence of the majority in the House of Commons – a daunting prospect for Canadians.
On the other hand, considering what members of Carney’s party have said since the election, he might want to think about distancing himself from some of his Liberal “friends.”
Let's face reality: The prime minister won the 2025 election for two reasons: older voters have a (and this is a euphemism) distaste for Donald Trump, and Carney deceived them into believing that he would institute the changes necessary for Canada to right itself. But within days of becoming Prime Minister, some Liberal MPs made Carney look foolish – not in control.
The new prime minister had committed to making the country an “energy superpower.” One strategy proposed was constructing a pipeline that actually should have been completed over the last decade. The political reality, however, is that Carney was caving to Alberta’s demands.
Yet, Culture Minister Steven Guilbeault appeared to contradict his prime minister. Speaking to reporters, the former environment minister seemed to undermine the new pipeline proposal, citing official data about peak oil demand. “So, I think before we start talking about building an entire new pipeline, maybe we should maximize the use of existing infrastructure,” Guilbeault told the press. “And, the Canadian Energy Regulator, as well as the International Energy Agency, are telling us that probably by 2028-2029, demand for oil will peak globally, and it will also peak in Canada.”
Carney has also promised to make affordable housing one of his top economic priorities. The Canadian real estate market is one of the most expensive in globally, with the average price roughly $716,000.
Almost every housing market in Canada has spiraled out of control, leaving millions of Canadians unable to achieve the dream of homeownership.