Prime Minister Justin Trudeau has acknowledged the country’s affordable housing crisis, addressing his comments directly to young people struggling to get a footing in a challenging economic atmosphere.

Trudeau spoke to reporters yesterday outside the federal government’s cabinet retreat in Charlottetown, PEI.

“To date, we’ve helped almost two million Canadians find a place to call home,” he said, and government is “on a path to double construction of new housing over the next decade.”

The Prime Minister says he knows the current circumstances are hitting young Canadians especially hard.

He acknowledged that young people had their formative early adult years interrupted by COVID, followed by growing inflation and rising interest rates.

The PM indicated that government has put measures in place to help ease the burden by eliminating interest on student loans and helping people save for a down payment on a home, but says, “there’s lots more to do.”