Federal Finance Minister Bill Morneau delivered the Trudeau government’s election budget last month to mixed reviews. The budget includes record spending and another large deficit, and plans to help first-time home buyers.

With B.C. real estate development slowing, there is much skepticism that these new incentives will matter much in the long run.

Ryan Berlin is the senior economist for Rennie, and joined Rick Cluff in studio to talk about the budget and its impact – if any – on housing affordability.