Mr. Speaker, Canada's housing market is sending alarming signals. New home sales in the GTA have fallen to their lowest point in 45 years, putting up to a hundred thousand jobs at risk. Across major markets, sales are down sharply, while builders report layoffs and are having growing concern about their ability to stay afloat.
At the same time, home ownership among Canadians 30 years old to 34 years old has fallen significantly over the past decade, and new housing supply is failing to keep pace with population growth. Nearly nine in 10 Canadians now express concerns about housing affordability, and many young people are considering leaving their communities because home ownership feels out of reach. Without action, an entire generation now risks being locked out of home ownership in their own communities.
Young Canadians deserve policies that increase housing supplies. When will the Liberals collaborate with us and remove barriers to construction so we can restore the dream of home ownership for young people in this country again?