Mr. Speaker, I will be splitting my time tonight with my friend and colleague, the member for Fort McMurray—Cold Lake.
It is a pleasure to rise today, as it always is, to speak on behalf of the hard-working people of Long Range Mountains on a topic that I am passionate about, and that is housing.
Before entering politics, I spent almost 20 years in the real estate industry as an agent, broker and real estate coach. My husband is a builder, and my daughter is a sales agent. I have watched markets right across the country, as well as in my own province of Newfoundland and Labrador, and I intimately understand the current pressures and frustrations around housing supply and home ownership.
I have watched the changes in the market, and I am extremely concerned not just for the young person looking to enter the market but also the senior looking to downsize, which would create inventory for another family. I am concerned for those who currently own homes but have dreams of building another home that suits their needs, and for move-up buyers who, again, create movement and space for others to enter the market.
In today's market, we see historically low inventory and upward pressure on pricing as a result, and little to no movement for others to enter the market. In addition, construction costs are high and markets are strained, even in areas of the country where there have typically been stable markets and a balance between supply and demand. Rural Canada is a perfect example, but now housing affordability even in these markets is being compromised. Housing affordability is a defining characteristic of rural Canada, and we cannot allow home ownership to become unaffordable, especially in these areas.
The Newfoundland and Labrador Association of Realtors says it best: “Home ownership is the cornerstone of community stability, economic prosperity, and personal security. In Newfoundland and Labrador, this aspiration has long been within reach, with our province consistently reporting some of the highest rates of home ownership in Canada. It’s a reflection of our deep-rooted values: self-reliance, pride of place, and long-term investment in our families and neighbourhoods. But today, that dream is under growing threat. Challenges around housing supply, rising costs, and affordability are eroding access to ownership for many hard-working residents. If we wish to preserve this legacy and ensure future generations can share in the security and opportunity of owning a home, decisive action is needed”.
However, the saddest housing statistic in this country is that the median age of first-time homebuyers in Ontario is 40 because of affordability, higher carrying costs, longer renting phases and delayed household formation. This means Canadians are not building equity around them until much later in life, and the dream of home ownership is slipping further and further away from young people.
The Liberals' response to a strained housing market is the legislation that we are discussing today, Bill C-20, but instead of a real plan to build homes, the Liberals have continued in the same direction and delivered their fourth costly Liberal housing bureaucracy, far from building at what they call generational speeds. In fact, the Liberal government's own housing advocate stated that at the current pace of building affordable homes, it would take over 1,000 years to restore housing affordability for the poorest Canadians.
Let us look closely at the facts. During the last election, the Liberal Prime Minister went across the country promising to double housing construction and deliver 500,000 new homes every single year. He promised to move at speeds we have not seen since the Second World War, yet over a year into the Liberal Prime Minister's mandate, we see the exact opposite. There are fewer permits, fewer starts and, according to the Canada Mortgage and Housing Corporation, national housing starts are projected to fall as low as 212,000 per year by 2028. That is an 18.1% decline over the next two years. The CMHC explicitly stated that we need to build somewhere between 430,000 and 480,000 homes a year up to 2035 just to restore basic affordability.
What about this new $13-billion Liberal Crown corporation being created under Bill C-20? The Parliamentary Budget Officer reported that the Liberals have no real plan to build the 500,000 homes they promised and will only add 5,200 homes per year. That is a mere 1% of what they promised the Canadian people.
However, it gets worse. When the housing minister was asked about the metrics for the $13-billion new agency, he openly admitted, “There aren’t top-line targets set for the number of homes to build”.
Mike Moffatt testified at the Standing Committee on Human Resources, Skills and Social Development and the Status of Persons with Disabilities, stating clearly about this piece of legislation, “[Build Canada Homes] lacks a clear goal, lacks targets and lacks key performance indicators and accountability measures. The public has not been told how many homes the program will complete, what types of homes, what the rents or prices will be, and over what time frame.”
The witness went on to say, “I can't tell you, five years from now, whether or not [Build Canada Homes] has been working, as there are no benchmarks for success. That's a problem.”
We have watched this movie before: announce billions of dollars, build a brand new taxpayer-funded bureaucracy and never set targets or deliver tangible results for the hard-working, everyday Canadians who pay the bills. Anyone in the private sector knows that if they endeavour to do a large project and do not set targets or key performance indicators, they are unequivocally setting themselves up for failure.
At a critical time when we need more supply and builders are asking for less government, the Liberals are focusing on building a new bureaucracy that is simply an expensive exercise in rebranding.
Just weeks ago, a report from the Office of the Superintendent of Bankruptcy showed that in the first three months of 2026, consumer insolvencies rose 8.5% compared to last year. Canadians seeking help under the Bankruptcy and Insolvency Act have reached levels not seen since the 2009 great recession.
Today, the average Canadian owes $1.77 in debt for every dollar they earn. For the bottom 20% of earners, the very people the Liberals claim they want to help with non-market housing, that debt-to-income ratio skyrockets to an astronomical 430%. More than four in 10 Canadians are now just $200 or less away from insolvency each month. They have exhausted their savings, maxed out their credit cards and refinanced their homes just to keep up with food inflation, rising rents and soaring mortgage payments. Clearly, the plan is not working.
Conservatives believe in restoring the dream of home ownership and empowering the private sector to deliver the homes Canadians need, because we know we have the workers. In Canada, we have over 131,000 people with construction experience who are currently unemployed. We have 127,000 Canadians already trained with a trade certificate or diploma who are without work. We have the skilled tradespeople, we have the lumber and we have the land. What we do not have is a plan from the federal government that will empower the private sector and let builders build, especially given that 95% of supply currently comes from market housing.
Do not take it from me. A witness from the Ontario Home Builders' Association testified, “As the industry association representing home builders...we know that builders are the experts and the ones who are best suited to construct the homes we need, not the government” and “the path forward is not for government to step into the role of the builder but for it to enable those who already do this work every day to do it better, faster and at greater scale.”
Conservatives do not support adding more Liberal bureaucratic red tape to the housing sector. Builders across this country are begging for less Liberal intervention, not more. Again I will point out that 95% of housing in Canada is delivered through the private market. We need to bring prices down by increasing supply, and we do that by cutting the costs of construction.
If the Liberals truly want to solve this crisis, they should stop building expensive, unaccountable bureaucracy that drives up costs and instead adopt our plan. We want to restore the dream of home ownership and empower the private sector to restore balance in the market by cutting the GST on all new homes sold under $1.3 million. This single measure would save Canadian families up to $65,000 on a new home and immediately unleash a massive wave of new residential building across the nation.
Conservatives know applying this only to first-time homebuyers is not sufficient to get things moving in a way that would meaningfully make a difference. We also understand that many first-time homebuyers in many markets cannot afford to build. We also know that seniors looking to downsize in new construction could free up much-needed inventory for a growing family that needs square footage. Therefore, limiting this to first-time homebuyers is not the right approach.
We would tie federal infrastructure dollars to homebuilding. When this incentive is in place, municipalities, large and small, start to develop plans for growing their communities and enabling development. A Conservative government would require major municipalities to increase the number of housing permits they issue by at least 15% each year to receive their federal funds.
There is a clear difference here: a Liberal government that believes the solution to every problem is more spending, more deficits, taxes and a fourth expensive housing bureaucracy with no targets that is not delivering for Canadians; or Conservatives, who believe in the power of Canadian workers, builders and local communities. We want to empower the private sector to increase supply and restore balance by removing the taxes and lowering construction costs so our young people can afford a place to call their own.
For these reasons, I cannot support Bill C-20.
