Mr. Speaker, yesterday, we learned that housing inflation hit a record 25%. Bloomberg says we have the second-biggest housing bubble in the world. However, where is the money coming from? After all, the wages with which Canadians buy housing are down in real terms. The number of immigrants is also down.
For the Minister of Finance, if the number of people and the amount of wages needed to buy homes are down, yet house prices are up, where is the money coming from?