Mr. Speaker, the housing market in the GTA is descending into complete chaos. New data shows that GTA home sales are the worst since the market crash of the 1990s, falling 89% below the 10-year average, and that condo sales fell 94% below the 10-year average. Home prices are too high for buyers and too low for sellers. Sellers cannot sell, buyers cannot buy and builders are not building. The report warns that there will be a massive housing shortage in just two years.
Can the Prime Minister tell us why he refuses to present a budget immediately to provide much-needed help for both buyers and sellers?