My question is for the Associate Minister of Housing.
Speaker, housing affordability in Ontario has eroded at a significant rate, making it challenging for first-time buyers to become homeowners. In fast-growing, high-density areas in Toronto, housing affordability continues to be at an elevated level of crisis. Almost half of all households rent their homes, limiting their spending on other life necessities.
A report from the Ontario Housing Affordability Task Force demonstrated that average house prices in Ontario have climbed 180% while average incomes have grown roughly only 38%.
Can the Associate Minister of Housing tell us how our government will address the housing affordability crisis and ensure that we help young families fulfill their dream of home ownership?