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House Hansard - 6

44th Parl. 1st Sess.
November 29, 2021 11:00AM
  • Nov/29/21 2:31:53 p.m.
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Mr. Speaker, 27-year-old José of Greely called me on Friday from his parents' basement. I see the Liberals are laughing about that. He cannot afford a home. He has a job, the same job his mother had in fact, but while her family could afford a two-acre lot and a nice property to raise the kids, he cannot even afford a condo. He wants to know why, during COVID, while wages were down and immigration was next to zero, housing prices rose under the current Liberal minister by 22%. Can she tell José why, according to Bloomberg, Canada has the second-worst housing bubble in the world?
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  • Nov/29/21 2:33:30 p.m.
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Mr. Speaker, the problem for José is he cannot start a family without a house and he cannot get a house because, under the current minister, housing prices are up 20%, led by increases in land prices. We cannot blame land prices on supply chains, because land does not have supply chains. The reality is this. We have the second-biggest land mass in the world and the second-biggest housing bubble on planet earth, with only New Zealand, an island in the South Pacific, having more expensive housing. Can the minister please explain why, under her short tenure as finance minister, housing prices are up 22%?
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  • Nov/29/21 2:35:26 p.m.
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Mr. Speaker, the minister's defence on housing is that not only are homes more expensive under the current government than they were under the previous Conservative one, but also the programming is now 100 times more expensive, so now it is more expensive for homebuyers and for taxpayers. However, I noticed the Minister of Finance was too afraid to get up and answer a question about house-price inflation that she has caused. I was specifically asking about the 20% increase in both land prices and housing prices since she took her job. She cannot pass the buck to another minister or to another country. When will she explain why house prices have risen so much?
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