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Madam Chair, again, there are 1.3 million empty homes. The Liberals' solution to that is a 1% tax. Wow, that is really going to scare a lot of home landlords. Will the minister commit to never introducing a capital gains tax on the sale of a primary residence?
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Madam Chair, the accelerator fund he speaks of creates 100,000 homes in four years. We went through that already. With 1.3 million empty homes in Canada, how do we solve this issue of getting more housing supply for Canadians?
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Madam Chair, Canada owns 41 million hectares. I am trying to draw the connection here for the minister. How exactly will the Liberal minister create more housing supply?
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Madam Chair, so we are still 1.7 million short. The Conservatives had a plan using federal infrastructure dollars to create more housing and off-load 15% of government assets. What do the Liberals think of that plan?
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Madam Chair, let me help the minister out a little. His plan says they are going to create 100,000 houses. When are they going to do that? They will do it in four years. How is the minister going to get 1.7 million more houses in the next 12 months?
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Madam Chair, does the minister know we have been told that 1.8 million houses are needed in Canada. How does the minister intend to increase supply in Canada?
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Madam Chair, it is a pleasure to be here, and I will let the House know that I am splitting my time with the member for Kildonan—St. Paul. To the minister, how does the government intend to increase housing supply in Canada?
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Madam Chair, that was a test. It was $717,000 this year. Last year it was $606,000, an 18.2% increase. Something needs to be done. The minister just received his binder from the back room, so hopefully it will help him. We need to create more housing supply in Canada. Does the minister not see that we need to create 1.7 million more homes in Canada?
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Madam Chair, I would ask the minister this: What is the average house price in Canada?
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Madam Chair, this is tens of thousands of new homes. We are talking about needing 1.8 million to be created. I will give the minister credit for the 100,000 homes he has brought up, but after that we need 1.7 million more, so tens of thousands more homes does nothing. How is the minister going to generate more housing supply in Canada?
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Madam Chair, that one I feel was a puffball. The average home price in Canada is $717,000. The average home price last year was $606,000. Does the minister not see there is a problem with getting more homes on the market for Canadian families?
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Mr. Speaker, do you know how many buildings the federal government owns? It owns 37,246. Do you know how much land the federal government owns? It owns almost 41 million hectares. Conservatives had a plan in the last election to tie infrastructure dollars to housing prices. The Liberals' plan creates more housing inflation. Can the minister tell us how a 20% rise in housing prices is actually help…
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That is unreal, Mr. Speaker. Does the member not realize that in downtown Toronto, the average price of a single detached family home is $1.8 million? Let us compare Canada with the rest of the G7. Housing supply is the highest. It is the lowest, but housing inflation is the highest. New builds are up. They are down 5.2%, and house prices are up 20%. Under what metric in the world is this plan wor…
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Mr. Speaker, what he just said is that he is off-loading all of the responsibility onto the provinces and the municipalities. Who is he going to blame once that fails? It is the provinces and municipalities. The Conservatives had a plan in the last election to sell off 15% of federal government assets to increase supply. When will the Prime Minister get off his assets and help Canadian families?
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Mr. Speaker, the average home price in Canada right now is $717,000. Do members want to know what it was last year? It was $606,000. That is an 18.2% increase. In 2015, when the Prime Minister came into office, it was $450,000. Under what metric in the world can the Prime Minister explain that his plan is working?
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