Thank you, Mr. Chair. It's much appreciated.
Housing inflation is homegrown in Canada. We have the second most inflated housing bubble in the world. The average family [Technical difficulty—Editor] their gross income on monthly payments for the average home in Toronto or Vancouver, which Demographia calculates are respectively the world's fifth and second [Technical difficulty—Editor]. Banking rules, mortgage insurance, monetary policy and money laundering are all federal matters. So is housing inflation here and now under this government. That's Justinflation.
Recently, a group out of Vancouver calling itself Generation Squeeze was contracted by the Canada Mortgage and Housing Corporation to look at the effects of taxing homeowners on the value of their properties. This is a narrative that the Liberal government and its various publicly funded supporters continue to advance to add more taxes onto the backs of Canadian homeowners. For most Canadians, their home is their largest investment, their pride of ownership, in which they invest funds to upgrade, repair and hold value in relation to all the other inflationary factors they will face in retirement.
What data do you have at StatsCan that shows how much more the average Canadian household will be paying with this additional Liberal tax on housing?