By Nojoud Al Mallees and Kyle Duggan

Housing Minister Sean Fraser says he will not be running in the next federal election, citing a need to spend more time with his family.

Fraser made the announcement Monday morning at a news conference in Ottawa ahead of a cabinet meeting and the fall economic statement.

His announcement comes as Chrystia Freeland also announced she is leaving her cabinet post as finance minister.

He said he came to this decision months ago, while he was recovering from a back surgery operation and was spending more time with his kids at home.

“My kids aren’t getting any younger and they’re going to need their dad around,” he said.

"Our path to creating a family was a challenging one. We've experienced the highest of highs and the lowest of lows," Fraser said as he choked up at the microphone. "We have had micro-preemies, lengthy hospitalizations, medical interventions and know the pain of losing our one-day old daughter Ruth, who I miss every day and who I love very much."

Fraser batted down a question suggesting he might be eyeing a run at Nova Scotia Liberal Party leadership, after the party was decimated in last month's provincial election, holding on to just two seats — the minimum number required to maintain official party status.

But he also did not rule it out.

“Today is not about a transition to some new political opportunity. It’s about an opportunity to transition to being a father who’s more available to his kids,” he said. 

Fraser joins a growing list of cabinet ministers exiting federal politics.

Prime Minister Justin Trudeau is scheduled to chair a cabinet meeting on Monday.

Fraser, who was a frequent target of Conservative attacks over the government's handling of the immigration and housing files, was considered a strong communicator and rising star for the Liberals.

Fraser said he will remain engaged in politics, but in what capacity remains to be seen and said today's announcement is not about a transition to another political post.

Fraser was first elected as a Nova Scotia Liberal MP representing the Central Nova riding in 2015 and quickly rose through the ranks of cabinet. 

He held several parliamentary secretary posts before he was named immigration minister in 2021.

While in that job, the government significantly increased its immigration targets, loosened the rules to the temporary foreign worker program and granted entry to a rapidly growing number of international students.

Political pressure eventually pushed the government to reverse many of those policies, as critics raised concerns that high population growth was eroding housing affordability and putting a strain on services.

Fraser was tapped for the housing file two years later as the Liberals worked to tackle a national housing crisis, an issue that had become a significant political liability for the government. 

Rumours have been swirling on Parliament Hill that a cabinet shuffle is coming soon to fill several vacancies and replace Liberal ministers who not seeking re-election.

Filomena Tassi, the minister responsible for the Federal Economic Development Agency for Southern Ontario, Northern Affairs Minister Dan Vandal, Sports Minister Carla Qualtrough and National Revenue Minister Marie-Claude Bibeau have all announced they are not seeking re-election.

Pablo Rodriguez left his role as transport minister and Liberal caucus member in September to run for Quebec Liberal leadership. 

Randy Boissonnault left his post as employment minister last month after weeks of questions about the Edmonton MP's shifting claims of Indigenous identity and his business dealings.

The next federal election is expected to take place by October 2025.

(C) The Canadian Press