Mr. Speaker, after nine years of the NDP-Liberal government, Canadians know it is not worth the cost of housing.
Nobody makes more money on housing than governments, and Canadians are paying the price. The good news is that common-sense Conservatives will deliver results. A Conservative government will axe the tax on new homes sold. On an $800,000 house, this tax could save a homeowner $40,000. That is $2,200 a year in mortgage payments. A common-sense tax cut like this will lead to an additional 30,000 homes being built each year.
In Ontario and British Columbia, government charges account for more than 30% of the cost of a new home and the federal government takes the biggest share of that. That is just wrong.
After nine years of the NDP-Liberal government, 80% of Canadians now believe that home ownership is only for the rich. The Prime Minister has doubled the rent, has doubled mortgage payments and has doubled the down payment. Common-sense Conservatives will bring home real solutions to the housing crisis that the Prime Minister created.