Mr. Speaker, last week, the Governor of the Bank of Canada, Mark Carney, said that housing is severely unaffordable for most households in large Canadian cities. The mortgage on the average home eats up 43% of household income before taxes.
How can families meet their needs without going into debt when they have to spend so much money just to pay their mortgage? How far does this stranglehold have to go before the government finally decides to take action?