Mr. Speaker, there are promises, and then there is reality. The Prime Minister's promise was a so-called generational investment to rapidly scale up housing to meet his target of half a million homes a year. The reality is, as the budget watchdog said this morning, that the new bureaucracy will actually build only 5,200 homes per year. This means the Liberals are more than one million homes short over the next five years and will address only 4% of Canada's housing gap. The future is not any brighter.
Yesterday, the Missing Middle Initiative reported that housing starts are down across nearly every GTA municipality, but Conservatives have not given up on the Canadian dream: the dream to earn, save and own a home. That is why Conservatives will incentivize municipalities to cut building taxes; spend less and keep interest rates down, so mortgages can be affordable; and scrap the industrial carbon tax on steel, lumber and every single thing that builds a Canadian home.