Mr. Speaker, for years, housing prices across British Columbia have continued to rise at staggering rates. This has not only affected housing affordability in Vancouver, but also in the Fraser Valley and my community of Cloverdale—Langley City.
Once the affordable housing alternative within metro Vancouver, the price of a single family home in the Fraser Valley rose 41% last year, averaging $880,000, while the average price of a townhouse rose 36% over the same period, to $418,000.
My constituents in Cloverdale—Langley City have been clear that they want meaningful, immediate, and substantive action taken to make it easier for them to afford housing as they work hard to raise their families .
I commend the Minister of Families, Children and Social Development for having started work on a national housing framework. I am proud to be part of a government that is working toward addressing housing affordability not just for members of my community, but for the whole country.