Okay, that's fine. I appreciate that.
Your report also mentions that shortages of affordable housing could be addressed through measures that increase supply, such as reducing rent controls and relaxing zoning and land regulations. I'd like to quote my colleague Pierre Poilievre, who said how insane it is that we live in one of the least densely populated nations on Planet Earth—there are only four Canadians for every square kilometre in this country—yet have some of the most expensive real estate. There are more places in Canada where there's no one than there are places where there is anyone, yet Vancouver is the second and Toronto is the sixth most expensive housing market in the world.
When we compare median incomes to median housing price, it's more expensive than New York, more expensive than L.A., more expensive than London, England, and even more expensive than a tiny island nation called Singapore. All of these places are vastly more populated, yet less expensive to live in.
Why? Is it because our central bankers print money to spur demand and our local governments block construction and therefore constrain supply? With demand up and supply down, the price rises.
Would you agree that government intervention at all levels and in myriad ways is the source of the housing crisis here in Canada?