Thank you so much, Mr. Chair. I am very pleased to be here today and I'm very pleased to see you again. I can tell you, Mr. Chair, you can ask any question you want, because the quality of the questions is very remarkable.
My friends are very pleased for me to be here—gentlemen and madam—and to be welcomed to your House of Commons.
For sure I want to address one specific issue that is so important for our economy and for the finance department. It is housing. Mr. Bourque gave us some figures, some information that was unfortunately troubling.
A year ago, when the Minister of Finance was misguided in launching his wall-to-wall policy on the housing situation in Canada, we raised the flag of concern. Indeed, there was something to be done about big cities like Vancouver and Toronto; we all recognize that. However, just because a policy is applied in Toronto does not mean that it is good for Baie-Comeau.
What we have seen unfortunately with this government is that this stress test, which was quite important for Toronto, was not good for each and every area in Canada. Just because it's good in Toronto doesn't mean it will be good in Baie-Comeau, but unfortunately the government decided to do that. Mr. Bourque gave us some information that is unfortunately disturbing for each and every Canadian, and especially for millennials.
Speaking of that, Mr. Chair, I don't want to get too personal, but I am speaking to you about that today because right now my daughter and her spouse are in the process of buying their first home. I think I'm more excited than they are. For sure it's a great moment for each and every millennial and each and every Canadian to buy their first home, but unfortunately with the stress test imposed by the Liberal government
A hundred thousand Canadians had their dreams shattered. One in five Canadians has not been able to buy a home, according to the figures provided by Mr. Bourque.
This is terrible, Mr. Speaker.
My question will be to Mr. Karsten.
As you know, because you are a municipal guy, it's quite important to have new houses, new families, to have millenials buying their first house. What was the impact in each and every municipality in Canada with the stress test imposed by the Canadian government?