I move:
Trudeau is recycling the same costly promises that have already doubled housing costs in the last eight years. He has doubled the rent, doubled mortgage payments and doubled the needed down payment for an average home. Housing costs have worsened more in Canada than any other G7 country in Trudeau’s eight years.
According to a recent report from RBC, housing became more unaffordable in every single market tracked, including Toronto, Vancouver, Ottawa, Montreal, Halifax and more, with some markets reaching all-time unaffordability levels. The average Canadian family must now pay 63.5% of their total pre-tax household income in order to afford mortgage payments on a typical home in Canada; therefore the committee report its concern regarding this matter to the House of Commons; and
(a) Invite the Minister of Housing, Infrastructure and Communities to appear before committee for no less than two hours, by April 18, 2024; and
(b) Invite RBC Assistant Chief Economist Robert Hogue to testify before the committee for no less than two hours, by April 18, 2024.