Canada's 2025 federal election, scheduled for April 28, has placed the country's housing crisis squarely at the centre of political debate. With affordability pressures mounting, each major party is presenting distinct solutions to address this critical issue.

This marks the first time in a full year that the central bank has chosen not to cut rates, following a 225-basis-point reduction since June 2024. The move surprised many, as economists remained split heading into the April 16 announcement, weighing sluggish employment data and housing activity against escalating global trade tensions.