Madam Speaker, I listened to the hon. member's speech, and he mentioned the cost of living and rent.
I would like to hear his comments first on renting. The rent rates are softening. In fact, in Vancouver, rents were down 7% this August compared with the same month last year. This is the ninth consecutive month that rent is down in Vancouver. In Toronto, rents in August were down 7% compared with the same month last year, and it is the seventh consecutive month that rent is going down.
On the cost of living, the Canadian consumer confidence index is at a 30-month high on the back of the low inflation rate of 1.6% and the interest rate cut, for the fourth time, to 3.75%. I would ask the member for his comments on these facts.