Madam Speaker, with the high cost of student loans, day care and rent, many young Canadians are finding it extremely difficult to achieve the dream of home ownership.
Through a series of rule changes by the former Conservative government, the maximum term for insured mortgages went from 40 years to 25 years. Instead of making it easier for first-time homebuyers, Liberals further tightened mortgage rules.
This is the same old story: While they make life easier for corporate friends, Liberals are shutting out young families from owning their own homes. Will the Liberal government put young families first and commit to introducing a 30-year term on insured mortgages?