Mr. Speaker, the Canadian dream of home ownership is fading for young Canadians. A new report from CMHC highlights that homebuilding is expected to fall in each of the next three years and that housing prices will rise. Another report from the Missing Middle Initiative shows that nearly half of young Canadians are having to leave the community that they were raised in because they cannot afford to live there. The report states further that over 90% of young Canadians are concerned about the state of housing in Canada.
It is time to restore hope in the promise of Canada, hope in the promise that, if people work hard and play by the rules, they can afford a good home in a safe neighbourhood. That is why Conservatives are advocating for a plan to take the sales tax off of new homes under $1.3 million, a plan to cut bureaucracy and accelerate homebuilding so that all Canadians can afford a place to call home.