Mr. Speaker, when it comes to the national housing crisis, it is about the facts.
Monthly mortgage prices have increased from an average of $330 to $2,500. For many in the GTA, the cost of housing exceeds 75% of their income and owning a home is out of reach as it takes over 277 months to save for a down payment. The Royal Bank says that calls for forceful action to cool the frenzied real estate market have been mostly ignored.
When will the government act to make housing a priority?