Chrystia Freeland, who also serves as the finance minister, says the issue is her top domestic concern amid affordability crisis

Canada’s finance minister has described the country’s out-of-control housing prices as an “intergenerational injustice”, as political leaders struggle to rein in a spiralling affordability crisis, reports the Guardian

Chrystia Freeland, who also serves as Canada’s deputy prime minister, said the issue is her top domestic concern.

“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,” she told reporters Monday, calling the current situation a “shock”.

Canada has the largest gap between incomes and house prices in the G7, according to the OECD, and two of its large cities, Vancouver and Toronto, often appear in rankings of global real estate bubbles.

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