Mr. Speaker, new home sales in the GTA have fallen to their lowest in 45 years, putting 100,000 jobs at risk. Home ownership among 30-year-olds to 34-year-olds has dropped from 62% to 52%. Young Canadians are losing hope; 93% of gen Z and millennials are worried about housing, and nearly half of them are planning to leave their home communities.
The Prime Minister promised to help Canadians buy their first home, so after nearly a decade, why are sales collapsing and builders are laying off workers, and why is ownership getting farther and farther out of reach?