Madam Speaker, a new development in that particular location would add to the overall supply and put a damper on the endless increase in demand. The condo building that the member for Wellington—Halton Hills spoke about would add to the supply throughout the market and would have a positive effect on affordability. This is the problem. Demand is being fuelled in part by the government's deficits, which are being facilitated through quantitative easing. We need to get past that. We need to increase supply and quit pouring gasoline on demand.
In the House of Commons on December 9th, 2021. See this statement in context.