Mr. Speaker, the question is: Why did housing prices go up so much with wages, GDP and immigration down? With all of the housing supply being right here in Canada, not linked to a so-called global supply chain, what is causing this eye-popping record increase in the cost of owning a house?
It just so happens that prices started rising right when the government began printing $400 billion of new cash into the financial system, $200 billion of which went into increased mortgage lending, with the investor class getting the preponderance of that new money.
Why did the Prime Minister give so much to the “have yachts” and take from the have-nots?