Mr. Speaker, CMHC released May's housing starts, and predictably for the government, the outlook is not good. In Belleville, starts are down over 50 points, and in Toronto, nearly 60%. The minister's staggering ignorance of the plight of everyday Canadians is not surprising when we remember that he is not only stuck up in his ivory tower here in Ottawa but also sitting on a massive, $10-million, real estate portfolio.
Why is the housing minister telling young Canadians that home prices do not need to go down? Is he unable, or unwilling?