My question to the minister is around the provisions in this bill for student loan repayment.
The minister will be familiar with Tim Hudak, the former Conservative leader, who is now the CEO of the Ontario Real Estate Association. That association, OREA, recently issued a report identifying student debt as the biggest barrier to young people’s ability to afford a new home in this province.
So I’m curious to know, why did the government not implement new measures to reduce the burden of student debt that young people are graduating with and instead make changes to the Ministry of Training, Colleges and Universities Act that would eliminate the practice of notifying OSAP students that their loan is due?
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?