Mr. Speaker, CMHC is reporting that Canada could see a reduction of almost 32% in new housing construction this year. Its chief economist said that, with record inflation, sky-high interest rates and labour shortages, the current economic situation is “inhospitable” for new construction.
The warnings are coming from inside the castle walls now. I am wondering when this government will actually clean up the fiscal mess it created so Canadians can one day afford a home again.