Skyrocketing housing prices and a shortage of supply is a significant concern among Canadians, especially younger generations

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According to a new Royal Lepage survey, 40 percent of respondents agreed that a political party’s position regarding the ongoing “housing crisis” will influence their vote significantly. This number increases to 57 percent with those between the ages of 18 to 34.

In this same age group and on the renting side of the spectrum, 48 percent of respondents shared the same opinion compared to the 35 percent that already own a home. 

“Access to housing is a fundamental human right, for without adequate shelter, a family lacks the foundation upon which they can live and work safely and with dignity,” said Phil Soper, president and CEO of Royal LePage, in the study. “In this election, Canadians are demanding ideas, answers and a commitment to address the nation’s housing supply and affordability crisis. The growing housing deficiency in this country is one of the great threats to our prosperity as a people.”

When looking at the survey’s results per province, a candidate’s position on housing is most likely to change how someone votes in British Columbia (48 percent), Ontario (46 percent) and Alberta (46 percent).

Finally, the survey revealed that most respondents (84 percent) believe that rising home prices will prevent many Canadians from owning homes. Breaking this down to the 18 to 24 age category, as expected, increases this percentage to 88 percent. 

“The 2021 federal election has seen housing policy become a headline priority and key leadership promise in all major party platforms,” said Soper in the study. 

Royal Lepage’s survey featured responses from 1,527 Canadians. 

Source: Royal Lepage Via: Livabl  

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