April 29, 2025 (press release) –
The Canadian Real Estate Association (CREA) congratulates Mark Carney and the Liberal Party of Canada on forming Canada’s 45th government. We also want to congratulate and thank all who put their name on a ballot and stood up to make Canada a better country.
The ballot question during this election coalesced around two competing narratives: who was best to deal with US President Donald Trump vs who was best to tackle Canada’s cost of living and affordability crisis. CREA’s advocacy successfully highlighted that the housing crisis was central to both, ensuring housing policy stayed as a top concern throughout the entire election.
The Housing Canada Coalition, of which the Canadian Real Estate Association (CREA) is a part of, drafted a 10-point policy blueprint aimed at ending the housing game by building a housing safety net and fixing the housing crisis.
During the election, CREA helped amplify the Housing Canada Coalition advocacy campaign, which encouraged all parties to take urgent action. Between the Housing Canada Coalition recommendations and other REALTOR® recommendations we’ve been advocating for over the past several years, we’re encouraged by the number of policy commitments that have been reflected by the major political parties.
“The need and urgency to fix Canada’s housing crisis goes beyond political stripes,” says Valérie Paquin, CREA Chair. “We continue to advocate for a vibrant and resilient housing system in Canada and look forward to working with this new government in the implementation of effective solutions that support the entire housing continuum.”
About the Canadian Real Estate Association
The Canadian Real Estate Association (CREA) is one of Canada’s largest single-industry associations. CREA works on behalf of more than 160,000 REALTORS® who contribute to the economic and social well-being of communities across Canada. Together they advocate for property owners, buyers, and sellers.
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