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Decentralized Democracy

House Hansard - 139

44th Parl. 1st Sess.
December 1, 2022 10:00AM
Context: House Hansard - 139 - Dec/1/22
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Dec/1/22 2:24:06 p.m.
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Mr. Speaker, National Bank came out with staggering housing statistics today. It now takes 67% of the average monthly income to pay bills on the average home. In fact, the average mortgage payment for a new home in Toronto is now $7,000, and that is if one can afford the home, because it takes now 27 years for the average person to save up for the down payment on that home. How is it possible that the average Canadian cannot afford the average home here in the nation with the second biggest supply of land anywhere on earth?
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