Ottawa, ON – Matt Jeneroux, Conservative Shadow Minister for Housing and Diversity and Inclusion, and Luc Berthold, Deputy Leader of the Official Opposition and Québec Political Lieutenant, today released the following statement in response to the CMHC’s Housing Market Information report:

“Today’s report released by the CMHC blows a hole through the Liberals’ housing narrative, exposing that their plan will fail to make housing more affordable for Canadians.

“The report identifies a 3.5 million shortfall between the current rates of new constructions and the baseline for housing affordability for Canadians, meaning that over 22 million units are needed by 2030. Simply put, this report is the most recent confirmation of what Conservatives have been warning of all along.

“The Liberal government has had six years to fix the issue of housing affordability and has failed to develop a plan that works. Instead, they double-down on a failing system that favours foreign buyers over affordability for Canadians and continues to see supply lag far behind demand.

“As families and young people are being priced out of the market and abandoning the dream of home ownership, Canadians can’t afford more hollow promises and failed programs from Justin Trudeau. Since the Liberals formed government in 2015, the average price of a home has nearly doubled. In the last year alone, prices have jumped by nearly 20 per cent, making the dream of home ownership unattainable for families and young people across Canada, and driving the sky-high rent costs we are seeing in cities across the country.

“Enough is enough. Conservatives will continue to fight for families and young people across Canada who are struggling to afford rent and are giving up on homeownership. We will continue to advocate for measures that increase supply, combat money laundering, improve mortgage policies, and simplify the tax code. Our plan will provide meaningful solutions that prioritize Canadians and put families first, not speculators.”