Madam Speaker, there is a group of people in my riding of Langley—Aldergrove who had been working on a large affordable rental project, but because of higher interest rates, it has now become unviable, at least within the affordability range. I wonder if the member for London West could comment on the importance of the government understanding the fiscal and monetary dynamics that lead to inflation and higher interest rates and that make housing affordability so much more complicated.
In the House of Commons on October 21st, 2022. See this statement in context.