Speaker, all this government has done is destabilize the post-secondary sector. Listen to OREA. Listen to what Tim Hudak is saying. The OREA report found that 42% of students carrying debt are considering leaving Ontario after graduation so they can repay their student loans and find a place of their own.
This represents a huge loss to our province, but it can be easily fixed. Make OSAP easier to access. Convert loans to grants. That is how to make the dream of home ownership a reality for young people. Why does this government think that selling off the greenbelt to enrich their friends was a more important housing strategy than giving young people the ability to afford to buy a home?
My question is to the Premier. A report last month from the Ontario Real Estate Association quoted CEO and former PC leader Tim Hudak saying, “Student debt is not merely a financial burden; it’s the biggest barrier to the ... dream of home ownership for many young Ontarians and their families.”
The report stated that students with debt want to own homes, but they are losing hope; 70% are worried it will never happen, and student loans are the main reason.
Speaker, this government’s changes to OSAP have left more students drowning in debt than ever before. Why is this government denying post-secondary students the dream of home ownership?