Mr. Speaker, the COVID-19 lockdown and sanctions have left hundreds of thousands of Canadians without a job. Many homeowners affected had to ask themselves how they would pay their mortgages without a job. In an expensive housing market like the GTA, it is almost impossible. Mortgage deferrals helped, but came to an end this week. I have already received calls from concerned people across the GTA.
The threat of thousands of people losing their homes should be top of mind for the Liberal government. The throne speech could have addressed these concerns. Instead of any action or a plan, there was silence. The word “mortgage” did not make it into the speech at all. I hope the government will address this huge oversight.