Mr. Speaker, if the hon. member thinks that somebody cancelling their $3,000 vacation is what caused housing prices to rise 25% in one year, one-third since COVID, then he needs to pull out his calculator and do a little more math.
What actually happened is that mortgage lending went up 41%, most of it going to rich people and wealthy landlords, after the Bank of Canada began printing its $400 billion. Too many dollars chasing too few houses equals house price inflation.