Canadian Prime Minister Justin Trudeau is attributing some of the blame for the surging housing costs in Canada to high interest rates and inaction by other levels of government. He emphasized that provinces and municipalities play a crucial role in resolving the housing issue since they control land-use planning, zoning, and permitting. Trudeau's government has invested in housing projects and introduced an ambitious national housing strategy, but the housing costs have continued to rise. He hopes that falling inflation will lead to lower interest rates, easing mortgage costs for Canadians. Trudeau's shift in tone on the housing issue comes as his main political rival, Pierre Poilievre, has been critical of the government's handling of the crisis and gained support from voters concerned about housing affordability.
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