Mr. Speaker, in the middle of a housing crisis, Statistics Canada revealed that in just one year, rents went up 8.2%. That is higher than the rate of inflation. It is unheard of.
What is causing this? According to the National Bank, it is “an unprecedented increase in the...population”. The National Bank's chief economist says that “Unless Ottawa revises its immigration quotas downward, we don't expect much relief for...households”.
The National Bank is not against immigration. It is telling us that there is a problem.
Will the federal government finally admit it instead of insulting everyone when we talk about it?