The federal Liberals are seeing a dive in popularity among younger voters, once the core of their base, falling 23 points behind the Conservatives by the end of August, according to new polling from Nanos Research.

The data shows the Liberals in a distant third place for 18-29 year olds with 15.97 per cent, compared to the Conservatives and the NDP with 39.21 per cent and 30.92 per cent respectively.

It鈥檚 a dip for the Liberals, who were at 26.8 per cent at the beginning of August for the same age group. And it鈥檚 a boost for the Conservatives, who are up from 29.3 per cent at the beginning of the month.

鈥淚 would be very concerned if I were the Liberals,鈥 said Nik Nanos, 麻豆影视鈥 pollster and Nanos Research鈥檚 chief data scientist and founder. He told CTVNews.ca the party has to do three things to win the next election, currently slated for 2025: win back women who have pivoted their support to other parties, mobilize younger voters under one progressive banner, and be more competitive among male voters.

鈥淩ight now the Conservatives are really doing well among male voters, they're more competitive among female voters than they have been, and the Conservatives are now doing well among younger voters,鈥 he said. 鈥淭hat means that the Liberal coalition that was built in 2015, the movement led by (Prime Minister) Justin Trudeau, is slowly unraveling, and they've got to reverse this trend if they want to have any chance to hold on to government.鈥

The new numbers from Nanos Research come while Trudeau has seemingly been trying to appeal to the younger demographic. Last week, while wrapping up a multi-day meeting of his ministers with a message to young people, he said: "We owe it to you to take action."

SPLITTING OFF IN 鈥楾WO DIRECTIONS鈥

From housing affordability to climate change, Trudeau attempted to reach out directly to the demographic that's helped him win past elections.

鈥淚n 2015, younger Canadians embraced the Liberals and Justin Trudeau thinking that things would be different,鈥 Nanos said. 鈥淭hey wanted a change from the past, those 鈥榮unny ways.鈥

鈥淔ast forward now to 2023, and it looks like young Canadians are deserting the Liberals, but the interesting thing is they're going in two directions,鈥 he also said, adding former young Liberal voters are splitting off and dividing their support between the Conservatives and the NDP.

Those who are feeling the strain of an affordability crisis tend to be shifting toward the Conservatives, Nanos said, while many feel the Liberals are not doing enough on issues like climate change, and they want more progressive policies, so they鈥檙e moving toward the New Democrats.

鈥淭he Liberals are getting squeezed on both sides, where young people are swinging to the progressive left because they want action, and then to the Conservatives for those young Canadians that are struggling to pay the bills and figure they've got nothing to lose by potentially having Pierre Poilievre as prime minister,鈥 Nanos said.

The prime minister is also meeting with his youth advisory board this week to hear its most 鈥減ressing concerns,鈥 with the aim of informing future policy decisions. It is the first in-person meeting of this cohort of the Prime Minister鈥檚 Youth Council; its new members have been in place since February of this year.

Aside from a handful of exceptions, the Liberals have mostly stayed in third place among voters aged 18-29 since the beginning of the year, according to Nanos Research.

DREAM OF AFFORDABLE HOUSING 鈥楽HATTERED鈥 FOR MANY

For voters in the 30-39 age range, while there鈥檚 been a closer back-and-forth between the Liberals and the NDP since January, the Conservatives have fairly consistently come out ahead, something Nanos chalks up to 鈥渆conomic anxiety.鈥

鈥淲hat type of young person can afford to buy a home when the value of homes are going up? And it's a double whammy because interest rates are going up,鈥 he said. 鈥淭he dream of having affordable housing in Canada is just being shattered right now.鈥

鈥淚t usually takes you a little while to be a little grumpy like your parents on stuff like this,鈥 he also said. 鈥淚 think they're turning into their parents a little sooner in terms of looking at their pocketbook and voting with pocketbook issues, and the Liberals have got to watch out for that.鈥

The pollster added if the Liberals want to win the next election, they need to 鈥減ivot to meat-and-potato issues鈥 while balancing progressive politics on issues like the environment, which is currently the number one issue of concern for Canadians.

With files from CTVNews.ca Senior Digital Parliamentary Reporter Rachel Aiello