Mr. Speaker, “we see the interest rate increases over the course of 2022 leading to lower housing starts this year.”
Those are the words of a market analyst at the CMHC. Excessive Liberal borrowing and spending caused a spike in interest rates and will stall new housing construction. CMHC has also said that we need to build 5.8 million homes by 2030 if we have any hope of restoring affordability.
Why, then, is this costly coalition so determined to block the construction of the homes Canadians so desperately need?