I had a feeling you'd say that, but I didn't know for sure. I appreciate that.
Then again, here's another example of how this government doesn't understand what impact this will have on the financials for Canadians or their tax dollars.
Today's report from the PBO confirms what many Canadians already know first-hand, that the dream of home ownership or an affordable place to live is far out of reach and is worsening under the Trudeau government. Home prices continue to rise every month, and since the Prime Minister came to office, home prices in Canada have nearly doubled. That means that the same home that was $300,000 in 2015 is most likely priced at $600,000 today, and a half-million dollar home is now reaching a million dollars.
This failure to address skyrocketing home prices has reached crisis levels after a mere six years of government. Home prices in Canada are completely unaffordable for Canadians, and there is no end in sight. For Canadians in Hamilton, Toronto, Halifax and Ottawa, for instance, home prices are 50% above affordable levels. For Canadians in Vancouver, Montreal and Victoria, homes are up 45% above affordable levels.
The government has had six years to fix the issue. Instead, they have let it turn into an affordability crisis and continue to refer to it as simply a global phenomenon. Canadians who care about having an affordable place to call home or have hopes of one day owning their own home can't afford more of the Prime Minister's failed leadership on housing.