Mr. Speaker, the housing minister, who increased building taxes by 141% the last time he had a chance, should be aware that the Oxford Economics global cities index found that residents of Toronto spend more of their income on housing than any other city in the world. However, the man in charge of housing does not think that is a problem. He says that housing prices should not go down, period.
If he does not think that housing prices should go down, can he tell the residents of Toronto how much more of their income they are going to have to spend on their homes?