Housing Minister Under Fire for $10M Real Estate Holdings Amid Crisis
Federal Housing Minister Gregor Robertson is facing significant backlash after details of his $10-million real estate portfolio were revealed, raising questions about his commitment to addressing Canada’s housing affordability crisis.
Housing CrisisReal EstateGregor RobertsonAffordable HousingCanadian PoliticsReal EstateJun 27, 2025
“Now we know why the housing minister doesn’t want home prices to fall,” Davidson said. “He’s sitting on a personal real estate empire while everyday Canadians can’t afford to own one home.” According to Vancouver journalist Bob Mackin, Robertson’s holdings include a $2.4-million Vancouver penthouse, a recently acquired $2.8-million estate near Tofino through his company 11 Otters Investments Inc., and a $5.6-million interest in a Squamish property.
Robertson responded by stating that all asset disclosures would comply with parliamentary ethics requirements. He dismissed the claims as inaccurate and maintained that his stance on housing is intended to protect the most valuable asset many Canadians own, their homes. “I was advocating for more government-subsidized affordable housing,” he added, while also clarifying on social media that homeownership remains a cornerstone of Canadian financial stability.
This controversy follows previous scrutiny of former housing ministers, including Ahmed Hussen, who rented out condos while in office. His successor, Sean Fraser, was appointed partly to sidestep growing criticism of politicians profiting from real estate. Reports suggest that nearly one-third of Liberal cabinet ministers own investment properties.
The debate reflects a broader crisis in Canada’s housing market. Investor ownership accounts for nearly 30% of all properties, with more than half of new condo units in Toronto and Vancouver purchased by people who already own homes. Critics argue that this trend drives up prices and reduces livable space, with new builds often criticized as “dog crates in the sky.”
Despite new targets by the Canada Mortgage and Housing Corporation to return affordability to 2019 levels, many argue that this benchmark still leaves cities like Vancouver among the least affordable in the world. As public frustration grows, Robertson’s financial interests may continue to cast doubt over his ability to lead meaningful reform.
Frequently Asked Questions
What is the main issue with Gregor Robertson's real estate holdings?
The main issue is that Robertson's $10-million real estate portfolio, including multiple high-value properties, raises questions about his commitment to addressing the housing affordability crisis in Canada.
How did Conservative MP Scot Davidson criticize Robertson?
Scot Davidson accused Robertson of protecting his personal wealth rather than fighting for Canadians who cannot afford homes, highlighting Robertson's significant real estate investments.
What is Robertson's response to the criticism?
Robertson stated that all asset disclosures would comply with parliamentary ethics requirements and maintained that his stance on housing is meant to protect the most valuable asset many Canadians own, their homes.
What is the broader context of Canada's housing market crisis?
Investor ownership accounts for nearly 30% of all properties, with more than half of new condo units in major cities like Toronto and Vancouver purchased by people who already own homes. This trend drives up prices and reduces livable space.
What are the new targets set by the Canada Mortgage and Housing Corporation?
The Canada Mortgage and Housing Corporation has set new targets to return housing affordability to 2019 levels, though many argue that this benchmark still leaves cities like Vancouver among the least affordable in the world.
Related News Articles
Pune's Luxury Real Estate Market Soars with Record-Breaking Penthouse Sale
Lodha One Bund Garden's Emperor Palace penthouse sells for INR 37cr, setting a new benchmark for luxury living in Pune.
Controversy Surrounds Change in Land Use Law in Goa, Benefiting Politicians and Real Estate Companies
An investigation by The Indian Express reveals that at least two state ministers, politicians, and several real-estate companies in Goa have benefited from a controversial change in land use law, records show.
Road Rage in Pune: Auto-Rickshaw Driver Attacks Car for Overtaking
A shocking incident of road rage was caught on camera in Pune, where an auto-rickshaw driver was seen kicking and banging a car that tried to overtake him.
Build Nivesh LLP Announces Successful Closure of First Real Estate AIF
Real Estate AIFs offer institutional investors a fresh and diversified way to enter the real estate market, providing access to a range of RE assets.
Real Estate Construction Costs Surge by 11% in 2024, Primarily Due to Rising Labour and Material Costs
Despite a relatively modest increase in the prices of key construction materials, the overall cost of real estate construction has surged by 11% in 2024, primarily driven by rising labour costs.
Bollywood's Real Estate Revolution: Stars Make Big Moves in Mumbai
Bollywood icons are redefining Mumbai's real estate market, making multimillion-dollar investments in prime properties. From Amitabh Bachchan's lavish acquisitions to Janhvi Kapoor's strategic buys, the city's celebrity circuit is buzzing with activity.