Conservatives propose common-sense solutions to Canada's housing crisis

"We have a housing crisis in this country. To restore affordability, the Canada Mortgage and Housing Corporation has reported that we need 5.8 million homes by 2030. That works out to 760,000 new homes per year until 2030 for us to restore affordability. The best we have ever done in Canada is to build about 260,000 units of housing a year.
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As for the federal government, some years ago, the Prime Minister, with great fanfare, launched this national housing strategy, describing it as a transformational housing plan and saying the federal government was back in the housing business. All we can see today is that rents have doubled, home prices have doubled and mortgage rates are skyrocketing. People's variable rate mortgages, and I happen to be one of them, have skyrocketed in a year. There are an awful lot of Canadians who do not have a variable rate mortgage who will be going to the bank maybe this summer or fall, and they are going to find out they cannot afford their house anymore. That is all in the midst of a housing crisis where we need to build 760,000 units a year to restore affordability."