Hon. Leo Housakos: I want to shift now from one fiasco to another. It’s now been a year and a half since Trudeau’s Housing Accelerator Fund for building new homes in Canada was announced. We look to Toronto, Montreal and Vancouver and find record lows in building homes. When will your government realize that its home-building plan is a failure and go back to the drawing board or, better yet, just resign for the betterment of future generations of Canadians?

Senator Housakos: The only people exercising rhetoric are in your government. Senator Gold, your own Minister of Housing has recognized that this government and Canadians need to lower their expectations. It doesn’t take a genius to realize this — just go out there and speak to young Canadians who can’t rent an apartment, let alone buy a house.

Right now, young Canadians, first-time buyers, need to amortize their mortgage for 200 years to pay for a house in this country. Don’t lecture me about business principles in this country because you know damn well, from speaking to young Canadians, that they have never had it harder than today when it comes to buying a home.