Mr. Speaker, a billboard in Toronto reads, “Can't afford a home? Have you tried finding richer parents?” As sarcastic as it is, it gets our attention on the out-of-control state of our housing market. The cost of housing under the government has doubled since 2015, and Canadians who are lucky enough to own a home pay almost 50% of their income to service their mortgage.
Does this minister have a plan for anyone without a trust fund trying to buy a house in the country, or is it just the CMHC bonuses that get his attention?