Mr. Speaker, maybe I will make a few more that will add up to an hour, and then the member will have something to do with himself when he is away on Christmas break. Maybe that will be the Christmas gift that appears under the member's tree when he wakes up and opens his phone.
We have seen an absolute meltdown by the bought-and-paid-for media. First of all, they were furious that I went around them. How dare I communicate directly with Canadians, they asked. They proceeded, with no success, to try to poke holes in the documentary, which introduces a new fact roughly every 20 or 25 seconds for the entire 15-minute period. The media was desperate to find an error or a problem, and they could not find a single factual error in the entire documentary. They tried.
Let me review some of the undisputable facts, because they are all publicly sourced, with proof to show where they come from. For example, one headline said, “Nine out of 10 Canadians believe they will never own a home, survey shows”. That is right out of the Milton Reporter on April 25, 2022. It is so much worse now than it was back then. This headline was in The Globe and Mail: “This 57-year-old grandmother didn’t choose the van life. The housing crisis chose it for her”. That was in May 2023. Imagine the miserable life of this wonderful grandmother after eight years of the Prime Minister. Another news headline was that students are forced to live under bridges.
One might ask why I am quoting the media, of which I am critical, and it is because they fail to mention in any of these articles who the Prime Minister is who presided over the housing hell. They fail to assign blame to the person who actually caused the problem in the first place.
CBC/Radio-Canada, desperately flailing around trying to find fault with my documentary, recently said that I had no proof that it takes 66% of an average family's monthly income to make payments on the average home. The report comes from RBC, in its quarterly housing affordability calculation. It has been doing it for 40 years, and it is now higher than it has ever been in its recorded history. That is because housing costs have not only grown but have also vastly outgrown our very poor and miserable wage growth under the Prime Minister.
CBC/Radio-Canada then went on to its next excuse, claiming that Canada's housing hell is just part of some global phenomenon. That is an easy claim to dispute and disprove because, of course, our housing hell is so much worse than that of any other country on earth. For example, Toronto is rated by UBS Bank as the worst housing bubble in the world. Vancouver is the sixth. Both of them were rated as moderately expensive only 10 years ago.
If one wants a different measure, go to Demographia, which has a very simple formula. It divides the average house price in a country or a city by the average income. Based on that measure, Vancouver is the third and Toronto the 10th most overpriced housing market in the world, worse than Manhattan; Los Angeles; Chicago; London, England; and even Singapore, a country with 2,000 times more people per square kilometre than Canada has. Look at the comparison with the United States. The average American housing prices, depending on the measurement, are 25% to 40% cheaper. In border towns, house prices on the Canadian side, 15 minutes away, are often double or even triple the prices of those south of the border.
A two-bedroom house in Kitchener now costs more than a castle in Sweden. In fact, the OECD did a measurement of the growth in house prices relative to the growth in incomes in all of the roughly 40 OECD countries, and Canada saw the second-worst deterioration of housing affordability since the Prime Minister took office in 2015. No, one cannot blame it on some global phenomenon; it is a uniquely Canadian hell and a uniquely here-and-now hell. The Prime Minister is responsible.
I find they say that the Prime Minister really has nothing to do with housing—