Mr. Speaker, greater Vancouver, Toronto and Hamilton have the dubious honour of being some of the least affordable housing markets in North America. It is cheaper to buy a house in Los Angeles or New York City. The Liberals continue to fail to take real action and address the overwhelming housing affordability crisis in Canada.
The finance minister admits Canada's lack of housing supply is a serious problem right after releasing a budget that does nothing to address it. The recent increase to the mortgage stress test proves the Liberals are choosing to push the dream of home ownership further out of reach for regular Canadians.
The national housing strategy is behind schedule. Last night, the finance minister could not even tell me how many units the government had built. The first-time home buyer program is a complete failure, reaching fewer than 10% of the people promised.
Canadians cannot afford more inaction. Only Canada's Conservatives are focused on securing Canada's housing future.