Mr. Speaker, touting a fourth Liberal housing bureaucracy is an admission that the first three bureaucracies failed.
The Bank of Canada said housing activity is subdued or declining in most cities. New home sales are down 45% in the GTA, 52% in the Golden Horseshoe and a staggering 56% in Vancouver. Builders are laying off workers, projects are being shelved and first-home buyers are being squeezed out. After years of broken Liberal promises, rhetoric and photo ops, home ownership is slipping out of reach at unimaginable speeds.
Will the Prime Minister admit his approach is failing, work with Conservatives and finally drop the photo ops, rhetoric and costly bureaucracies that are obstructing young Canadians from finding a home?