Mr. Speaker, there is one good-news headline: “Apartment rents are on the verge of declining due to massive new supply”. Unfortunately, that is a CNBC headline from the United States of America.
Here is a CBC headline from Canada: “Rent is going up more than $100 a month right now”. Another one, and the Prime Minister's favourite, is from the Toronto Star. It says that this year, we are having worse construction numbers than during the lockdown.
Why is construction up and rent down south of the border, when it is just the opposite here in Canada?