Madam Speaker, there is a housing crisis in British Columbia, and during the last election the Liberals promised to build more affordable housing. They promised to remove GST on new capital investments.
Since then, housing prices in Vancouver have grown by 30% in the last year alone, and the rental vacancy rate is under 1%. The housing crisis in B.C. and across Canada grows increasingly urgent, yet the Liberals broke their promise to provide much needed help. Cities like Vancouver and Burnaby need action now.
Why are the Liberals breaking their promise to remove the GST on new housing investments?