Justin Trudeau said Thursday that the cost of housing in Vancouver and Toronto, which have made home unaffordable for many, is a “very significant crisis.”
While no details of any specific measures were given, Mr Trudeau acknowledged that the government needed to take action but without damaging weaker markets elsewhere in the country.
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The prime minister has hinted that there may be new measures on the way from Ottawa to curb the growing price of housing in the hottest markets.