Jasmeet Singh Windsor, Federal NDP leader draws attention to rising cost of homeownership

In recent news, it was reported that the Federal NDP leader draws attention to the rising cost of homeownership during a Windsor visit. You are required to read the article for more details and information. Follow us around for all the insights and fresh updates at the PKB News.

Jasmeet Singh Windsor

Recently, it was reported that the Federal NDP leader draws attention to the rising cost of homeownership during the Windsor visit. The Federal NDP leader, Jagmeet Singh called on the Liberal government to step in and force the Bank of Canada to help Canadians. Giving a brief about Jagmeet Singh, you must note that he is a Canadian politician who has served as the leader of the New Democratic Party (NDP) since 2017. Moreover, he has set as a member of Parliament for Burnaby South since 2019. He was also elected to the Legislative Assembly of Ontario in 2011. Scroll down to the next section to know what the Federal NDP leader, Jagmeet Singh has to offer.

As per the recent reports, it was believed that the Federal NDP leader Jagmeet Singh is calling on the Liberal government to step in and force the Bank of Canada to help Canadians as the costs of owning a home continue to rise. While in Windsor, on Wednesday, Singh said that a family that took out a 25-year variable mortgage in recent times is going to see almost a $1,700 increase in their monthly mortgage payment. Moreover, he drew attention to the rising costs of homeownership in a critical way. He calls it Justin Trudeau’s inaction against the bank. He also shed light on the fact that they need to see some aggressive measures. Scroll down to the next section for more valuable insights.

However, it was known that not only do they want the liberals to force the Bank of Canada to hold the line on rates but also to follow the lead of other countries. Furthermore, Singh explained that they force banks to give low interest to families that are extremely struggling and rough in a similar way that has put it in a subsidy for people that are unable to pay their mortgage at the moment in Spain. Subsequently, the Windsor Tecumseh MP Irek Kusmiercyzk says that managing the housing crisis is not just about mortgage rates. Moreover, Kusmiercyzk claimed that there are 6,000 people in Windsor Essex who are on that waiting list.