Thank you all for being here today.
Over the course of the summer, I spent time knocking on doors in my community in Etobicoke Centre. I consistently heard from folks about the challenges they or their family members are facing in finding housing they can afford, whether the purchase of a home or the rental of a home. One thing many of my constituents asked me is, “Why has this happened? Why have prices gone up so much?”
Could I ask you to explain this, for the sake of my constituents who are watching? Why have prices gone up so much?