Australia's Housing Crisis Deepens Amid Policy Criticism, Migration Concerns

As the housing affordability crisis escalates in Canada, critics are blaming the federal Liberal government and major financial institutions like Brookfield Asset Management for exacerbating the situation. A significant percentage of Canadians express concerns about their health and well-being due to housing costs, with many renters believing homeownership is unattainable. In Australia, the government is responding to similar pressures by committing $33 billion to build 1.2 million homes by 2029, while also expanding its Help to Buy scheme to assist first-time buyers. Despite these efforts, experts warn that the country may fall significantly short of its housing supply targets, with only 45,000 homes constructed under the national housing accord so far. The need for a bipartisan approach to address the housing crisis is echoed, emphasizing the urgency of collaborative action to improve affordability and availability. Amid rising prices and low rental vacancies, both nations face critical challenges in ensuring housing stability for their citizens.