Mr. Speaker, the sale of new homes in the GTA just hit a seventh straight month of record-setting lows. Only 310 new homes were sold in the GTA in April, which is a 72% drop over last year and an 89% drop in the 10-year average, with condo sales plummeting 94%. The report warns that there will be a massive housing shortage in two years.
Prices are too high for buyers, and they are too low for sellers. Can the Prime Minister tell us what he plans to do to help the buyers who cannot afford to buy and the sellers who cannot afford to sell?