Mr. Speaker, the facts are clear. After a decade of Liberal government, housing prices in Canada have doubled and the dream of owning a home has never been further out of reach for millions of Canadians, especially in Sudbury East—Manitoulin—Nickel Belt.
For generations, owning a home was a cornerstone of the Canadian dream. It represented stability, security and the promise that if we worked hard and saved, we could build a future for our family. Today, that dream is slipping away.
Young northern Ontarians are increasingly asking themselves whether they will be able to buy their first home. Many have done everything right. They studied hard, found good jobs and saved what they could, yet still find themselves priced out of the market. At the same time, Canadians are carrying record levels of household debt. Today, that number stands at $2.6 trillion, much of it tied to mortgages. Families are stretching themselves financially to simply put a roof over their heads. Mortgage payments have skyrocketed, and rent has climbed dramatically. For many Canadians, the cost of housing now consumes a larger portion of their income than ever before.
This is not a small challenge. It is not a temporary problem. It is a full-blown housing crisis, and Canadians are asking a simple question: How did we get here?
The reality is that after years of failed policies and immigration influx, the Liberals have utterly broken the housing market. Buyers cannot afford to buy. Sellers cannot afford to sell, and builders cannot afford to build. The supply of housing has not kept up with demand, and the barriers to building new homes have grown higher and higher. Instead of removing those barriers, the government has too often added to them. Regulations have multiplied. Approval processes have slowed. Costs have increased, and every delay means fewer homes being built for Canadians who desperately need them.
One of the most frustrating aspects of this crisis is the gap between the government's rhetoric and the results Canadians are actually seeing. We hear announcements, slogans and promises, but when Canadians look around their communities, they do not see homes being built at the pace that is needed.
The Prime Minister's latest budget provides another example of this pattern. Not long ago, the government promised to cut municipal homebuilding taxes in half in order to make it easier and cheaper to build new homes, yet in the most recent budget, that promise has been broken. At a time when we should be reducing the cost of building homes, the Liberals have instead allowed costs to continue rising. Industrial taxes imposed by the federal government are increasing the price of key materials like cement, steel and glass. Every time the cost of those materials goes up, the cost of building homes goes up. As the cost of building homes rises, those costs are ultimately passed on to Canadians.
The result is a system where everyone is stuck. Young families cannot buy their first homes. Parents worry that their children will never be able to afford to live in the communities where they grew up. Seniors want to downsize. Often, there are not enough suitable options available. Builders who want to construct more homes are facing rising costs, delays and uncertainty. Instead of focusing on removing barriers and enabling builders to build, the Liberals have chosen another approach. Their latest proposal is to create yet another federal housing bureaucracy. Canadians are now being told that the solution to the housing crisis is a fourth federal housing agency, Build Canada Homes.
Northerners are right to ask an important question. If the existing housing programs and agencies have not solved the problem, why would creating another bureaucracy suddenly change the outcome? More bureaucracy does not build homes. More paperwork does not build homes. More announcements do not build homes. Builders, workers and communities build homes. What they need is the ability to move projects forward quickly and affordably.
Unfortunately, the early result of this new initiative raises serious concerns. So far, the only thing Build Canada Homes has delivered is paycheques to bureaucrats, with zero dollars spent on actual capital investment. After months and months of discussions, Canadians have not seen a shovel in the ground. They have not seen cranes in the sky. They have not seen the kind of progress that this crisis demands. In fact, far from building at generational speeds, it took nearly a year simply to introduce legislation that still would not result in homes being built.
Canadians do not measure success by the number of press releases issued by the government. They measure success by results. They measure success by whether their children can afford to move out of the basement. They measure success by whether families can buy a home in the community where they work. They measure success by whether young people can start their lives together with confidence about the future.
Right now, too many Canadians feel that the system is working against them. They feel, no matter how hard they work, the goalposts keep moving further away. This is not the Canada people expect, and this is not the kind of Canada people deserve.
The housing crisis demands urgency. It demands practical solutions, and it demands a willingness to remove barriers that are preventing homes from being built. That means reducing red tape. Most importantly, it means focusing on outcomes rather than announcements because, at the end of the day, Canadians are not asking for more bureaucracy in Ottawa. They are asking for more affordable homes in their communities. They are asking for a fair chance to build a future. They are asking for leadership that understands the urgency of the moment.
A Conservative government would cut the GST on all new homes under $1.3 million, tie federal infrastructure dollars to homebuilding, cut development charges by 50% and end the capital gains tax on reinvestments in new housing in Canada.
After a decade of Liberal housing policy, the results are impossible to ignore. Housing prices have doubled. Household debt has reached record levels. An entire generation feels increasingly locked out of the dream of home ownership. After 10 years of Liberal housing policy, the only thing they have managed to build is a housing crisis.