Mr. Speaker, the Canada Mortgage and Housing Corporation is forecasting a decline of nearly 20% in housing starts over the next two years. Less production means less supply. Demand, on the other hand, continues to rise. What is going on? Prices are going up.
In Montmorency—Charlevoix, the average price of a home has gone from $249,000 a decade ago to more than $500,000 today. Week after week, the Liberals congratulate themselves for their policies. However, the construction industry is talking about a lost decade for home ownership.
When will these announcements lead to shovels in the ground and construction in the real world, not just on paper?