Chrystia Freeland says the inability for young people in Canada to afford a home is an “intergenerational injustice” that must be fixed.Speaking in Montreal on Monday to tout last week’s federal budget which includes several initiatives targeted towards first-time homebuyers, Freeland suggested housing is “the current economic challenge today.”“One of the things that I am most concerned about as someone who — it shocks me to say this — is 53 years old, is the intergenerational injustice,” Freeland told reporters.“We had a better shot at buying a home and starting a family than young people today, and we cannot have a Canada where the rising generation is shut out of the dream of home ownership.” Budget 2022: Tax-free savings account coming for first-time homebuyers Freeland said the “core problem” is a lack of housing stock across the country.
The budget, she said, is aimed at addressing that.“We cannot have the fastest growing population in the G7 without also having the fastest growing housing stock,” she said.The Liberal government is planning to spend $10.14 billion on housing over the next five years, according to last week’s budget.