SoVote

Decentralized Democracy

House Hansard - 207

44th Parl. 1st Sess.
June 6, 2023 10:00AM
Context: House Hansard - 207 - Jun/7/23
Mr. Eric Duncan (Stormont—Dundas—South Glengarry, CPC)
  • Jun/7/23 12:20:35 a.m.
  • Watch
Madam Speaker, we are in a housing crisis in this country, plain and simple, and the key figures demonstrate exactly that. Housing prices in this country have doubled to over $700,000; mortgages have doubled to over $3,000 a month; rent has doubled to over $2,000 a month; and the amount needed for a down payment has doubled to over $40,000. The problem is that, because rent has gone up so much, people cannot save for a down payment that has doubled. It is an absolute vicious circle, when it comes to the eight-year record of the Liberals in Ottawa. This is a uniquely Canadian problem. The Liberals would have us believe it is a global challenge, but the perfect example we have in eastern Ontario, when it comes to housing affordability and housing supply, is looking at us across the St. Laurence River. There was a report recently done that talked about the contrast from one side to the other. The median asking price for a home in Watertown, New York right now is $217,000 Canadian. Meanwhile, in Kingston, just a 40-minute drive north here in Canada, the median asking price is $602,000. It is nearly triple the price of a home, between Canada and the United States, from one side of the river to the other. That is despite Canada having more land on which to build houses and the United States having 10 times the population and demand to keep up with new homes. The Liberals have created this housing crisis in this country and, while housing prices have increased around the world, none have to the degree of what we have seen these past few years. It is inflationary spending and it is the printing of new money that has gone in and bloated the prices and bloated the real estate market and that has seen this doubling in the past couple of years. I am zoning my questions in on the federal agency and the federal minister who is responsible for housing. The CMHC continues to get very negative reviews. Members should not take just Conservatives' word for it; I know members from all parties have major frustrations on the performance and operation of this agency that literally has a mandate to make housing more affordable in this country. I have just outlined how the absolute opposite has happened and continues to happen. We have a housing minister who shows zero leadership and zero ability to change the performance and quality of work at the CMHC. Every time we ask a Liberal a question about what they are doing for housing, they say they are spending a record amount of money: $90 billion. They have never spent so much money to make a problem so much worse. Members should not take my word for it. As well, the Auditor General of Canada has come out and said many negative things about the performance of the CMHC. In their recent report last year, they said that the CMHC was the lead for the national housing strategy, that $90 billion the government tries to take credit for, in saying houses were often unaffordable for low-income households, when it came to investments in rental housing units, the report said that the CMHC is not directly accountable for any of its actions and it was not working in any coordinated way. The performance standard of the CMHC is terrible. At a time when we need the private sector to increase building houses and getting more shovels in the ground, according to the CMHC's report, they are actually seeing a decrease. My follow-up question is this: What performance measures are Liberals using to determine success at the Canada Mortgage and Housing Corporation?
632 words
  • Hear!
  • Rabble!
  • star_border