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Canadian polls show young adults are drifting away from the federal Liberal party. It seems theyre slowly figuring out that Prime Minister Justin Trudeau, despite his sympathetic rhetoric, is working against their dream of buying a first home.

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While its taken a while for young and old to realize it, top bankers, retired civil servants, housing analysts, former property developers and housing activists are now declaring the Liberals are directly causing house-price inflation.

And, oh yes, the NDP premier of British Columbia is saying the same thing.

The Bank of Canada began more than a year ago to raise trendsetting interest rates to slow down the inflation caused by unprecedented Liberal spending during the pandemic: A key aim was to reduce skyrocketing housing unaffordability.

As housing analyst Stephen Punwasi puts it: When interest rates began to climb, they throttled credit and brought home prices lower. However, less than a year later (Ottawa) is demonstrating it doesnt have the appetite to follow through on tough love.

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Lets look at how and why the Liberals who have overseen the doubling of Canadian house prices since they came to power eight years ago are still jacking up the cost of a home.

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Many Canadians judged it controversial a few years ago when some said the cost of housing is linked to high in-migration levels, but those days of befuddled accusations are fading.

It explained how B.C.s effort to reduce housing prices and build affordable dwellings will be largely hostage to the federal governments immigration policy.

Wright, an economist, said Trudeaus government routinely raises the almost entirely fallacious argument that Canada has a labour shortage to justify welcoming a record 438,000 new permanent residents in 2022, while adding another 680,000 non-permanent residents, including foreign students and other guest workers.

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When retired top civil servant Don Wright said B.C.s effort to reduce housing prices and build affordable dwellings (and provide health care) will be largely hostage to the federal governments immigration policy, Premier David Eby responded by saying he is absolutely right. (Photo: Eby with MLA Grace Lore and Housing Minister Ravi Kahlon) Darren Stone

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The federal government is this month trying to appear helpful toward young people by trotting out its first home savings account, which allows prospective buyers to shelter $40,000 in a tax-free savings plan.

Wong ultimately worries many politicians might actually want the housing crisis, because they believe the Canadian economy is dependent on selling real estate to the world.

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Suspicion about the motivations of politicians does not exactly subside upon learning many members of the Liberal cabinet own second and third homes, often as landlords.

Who is looking after those yearning to enter the housing market? Its exceedingly hard to have confidence it is elected representatives in Ottawa.

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Douglas Todd: Federal Liberals are directly inflating house prices - Vancouver Sun