Mr. Speaker, I am pleased to rise today to speak to Bill C-20, which is an act respecting the establishment of Build Canada Homes, the Liberals' latest promise to solve a problem that they created. The bill would create a Crown corporation, their third that deals with housing, while our young people have watched the prospect of owning a home slip away. As rents have doubled over the last 10 years, the prices of those homes have also doubled. Inflation has soared and swallowed up their ability to save for the future.
In the last election, less than a year ago, the Prime Minister promised he would build at speeds not seen in a generation and has since spent his time invoking grand speeches reminding us that for much of our proud history, Canada was able to build vital projects and the housing people needed. I say “much” of our history because over the course of the last decade of Liberal rule, businesses have been forced to shut their doors, companies have been forced to lay off their workers, and builders have been left unable to build because of an increase in costs and regulatory burdens.
After the Liberals promised to deliver 500,000 new homes every year, Canada's housing starts are projected to fall as low as 212,000 per year by 2028. Rather than delivering on their promise to build these homes, they have decided to build yet another bureaucracy. This makes it their fourth attempt at using a bureaucracy to try to fix the housing crisis they created.
While the Liberal government continues to tell young Canadians that solutions are on their way, that they are going to deliver and that all they need is more time, our young people are waking up each morning with less hope of making a down payment on a home, landing a career that will meet their needs or starting a family. If 10 years was not enough, just how much time do the Liberals need?