Philip Lawrence at the Human Resources, Skills and Social Development and the Status of Persons with Disabilities Committee

On May 27th, 2024. See this statement in context.

May 27th, 2024 / 4:50 p.m.

Conservative

Philip Lawrence Conservative Northumberland—Peterborough South, ON

Thank you very much.

My colleague was indeed prescient.

I wanted to spend a little bit of time on “The Great Rebuild: Seven ways to fix Canada's housing shortage”. I will be talking about the recommendations in there, as well.

We'll just set the stage here. The story is as old as time in that we have an imbalance in the market where we've had demand outstripping supply. This has led to price shocks from oil to consumer goods to now housing.

I want to start on page 6. You point out in a great chart that the number of households, which has increased from 2015 to 2019, has greatly outstripped the housing stock. In the rest of Canada it appears as though the number of new households is at 400,000 while the housing stock is a little under 300,000.

Have I relayed that chart correctly, Mr. Hogue?

See context to find out what was said next.