Mr. Speaker, Canadians are justifiably frustrated when it comes to the housing file after 10 years of the Liberal government being in power. When the government was first elected, it proposed an $80-billion plus national housing strategy. The results were that housing costs doubled, rents doubled and mortgage payments doubled.
To compound this failure, the Liberals then pledged an over $4-billion housing accelerator fund, which the former housing minister admitted was not designed to build homes. I guess he was right. According to Statistics Canada, more homes were built in 1972 than in 2022. During the campaign, the Liberals took our idea of removing the GST from new home sales, but they did not go far enough. They also pledged to create a new housing entity.
How much comfort and confidence should Canadians have in the government to create a new bureaucratic entity when it demonstrated it cannot even run a passport office? Now, TD Bank is saying they cannot build the—