Prime Minister Justin Trudeau’s power-sharing deal with an opposition party promises to tackle the soaring cost of housing in Canada and may target real estate investment trusts that own homes.
The agreement between Trudeau’s governing Liberals and the New Democratic Party says the government will act on the “financialization of the housing market by the end of 2023.” No details were given yet.
The Liberal-NDP deal also promises to move ahead with a Homebuyer’s Bill of Rights that bans blind bidding for homes, establishes a legal right to a home inspection and requires real estate agents to disclose if they’re involved on both sides of a transaction. SANDI HALPERN # REAL ESTATE # SOLD # LEASED # HOUSING CRISIS # TRUDEAU
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