Finance committee  One can't do justice to that question in 60 seconds, but the long and the short of it is that solutions-wise, we need to be encouraging more lending outside of real estate. Then we need to be encouraging lending that is within real estate to be homing in on co-op and affordable p

Finance committee  It truly is an historic investment. We've never seen this scale of investment in child care from a national government. It has been a long time in the waiting. Decades ago the recommendation was made, so kudos to this particular government and to our first female finance minister

Finance committee  Yes. I'll work in reverse order. If we're wanting to think about the ways in which homeowners work hard to buy their homes, that's absolutely correct. Do they pay into three levels of government in their taxes? That's absolutely correct, but so do renters. They also pay their ta

Finance committee  There are a few ways in which the inequitable theme plays out. On the one hand, a range of public policies subsidize homeowners to accumulate wealth, and we don't have the associated corresponding subsidies for renters. That is an inequality in society. The degree to which we ha

Finance committee  I love this question.

Finance committee  Mr. Falk, this is a great question. I don't think you're reading the executive summary clearly enough, but here are the facts of the matter. If you're a young person today, you're going to go to school years longer and incur far more student debt than somebody your age did in t

Finance committee  It is not because young people are spending too much on their cellphones, their avocado toast or their coffee that they can't save a down payment for an average home in this country; it's because we've tolerated home prices literally doubling or tripling over the last several dec

Finance committee  The Bank of Canada has a primary responsibility to keep inflation in range. We understand that, and to Ms. Farha's observations earlier, we need to create space for them to do it, but we need our governments to then think about how we deflect the collateral damage of that low int

Finance committee  To learn from B.C., one of the things that the B.C. government does, to contextualize our speculation of vacancy tax here, is to point out that it applies to well under 1% of homes in the province. It is a tool and it should be used, but let's be clear that it's not a particularl

Finance committee  It's worth considering, though, for your platform. In all honesty, you are a party that definitely wants to be helping the regular folks. That's a big part of your narrative. I'm proposing a tax shift that could help you do just that.

Finance committee  Let's do it.

Finance committee  Yes, it was. Housing rendition—

Finance committee  No, I think that would be a mis-characterization, and let me be clear. While some fruit may be lower-hanging than others, we need to be picking all that fruit. We desperately need to be using every tool in our tool box to address this crisis of housing unaffordability—

Finance committee  Yes, and this is really critical, so let me keep this succinct. Monetary policy has captured more and more of our attention in the past year during the pandemic in terms of its collateral damage to housing unaffordability. A key thing to start with would be to invite Statistics

Finance committee  That is true, and let me just add that the reason this has become a little more of a media issue and an issue before this committee is that when we were extending our invitations to people to participate in our solutions lab, we issued some generic material to about 70 different