Mr. Speaker, I am back again tonight to continue to call for action on the housing crisis we are in, in particular, to call for one very tangible action the government could take in the lead-up to the fall economic statement we now know is set to be announced a week from today.
I have been pressing for six specific items to be included in the fall economic statement, including this one on the housing crisis. I want to start, though, by sharing the extent of the crisis we are in and what it looks like in my community. First of all, when it comes to those who are living unsheltered, between 2018 and 2021, the number of folks living unsheltered tripled from just over 300 to just over 1,000. In the most recent three years, as we just had the point-in-time count study in my community completed a few weeks ago, it almost tripled again. The number of folks living unsheltered is now up to over 2,300, and that is likely an underestimation.
Meanwhile, house prices are eight times the median income today. Back in 2005, they were around three times the median annual income. This is because house prices have gone up almost 300%. Rents have doubled. Wages, meanwhile, have not caught up in any way; they have only gone up 42%. Meanwhile, in my community, research shows we are leading the country in the number of affordable housing units we are losing. We lose 39 units of previously affordable housing for every one new unit built.
When it comes to government investments in housing, it has gotten to the point where, in Ontario, 93% of affordable homes were built prior to 1995, back when both federal and provincial governments in Ontario and the federal government of various stripes invested in affordable housing at the scale required. It is part of why I have been pushing for a number of items, including doubling the social housing stock with ambitious federal investments, similar to what we used to see in the 1970s and even into the 1980s.
I have been calling to have the government fix the definition of housing that CMHC is using so that affordable housing dollars go towards building truly affordable housing, and for an end to the tax exemptions for large corporate landlords like real estate investment trusts.
Tonight, I want to speak specifically about this, because I know in the House there has been a lot of talk about Habitat for Humanity. Habitat for Humanity has one specific call. It wants to see parliamentarian support ending HST so it can build more affordable homes. Last fall, the government gave an HST exemption to for-profit developers of rental units, a helpful measure to address the housing crisis, but left out were non-profit, affordable, home ownership builders like Habitat.
In my community on Kehl Street, a Habitat home build site built 45 homes. It would have had an extra million had this measure been in place to build more affordable units. In fact, Habitat estimates that, for every 100 homes built, it could build an additional five to 20 homes if it was exempt from this.
It is why I sent a letter about this, back on October 25, to the ministers of finance and housing. I asked about it in question period on November 1, but I did not get an answer then. I got a reply to my letter on November 12, directing me to ask the question of the Minister of Finance. I did that earlier today at the industry committee and did not receive an answer there either.
What I have put forward as well is that we could actually pay for this measure if only we got rid of that tax exemption for the REITs. If we had the REITs pay their fair share, this is what we could use to pay for removing the HST for Habitat.
Will the parliamentary secretary at least share where the government stands on this important measure?