OTTAWA - Federal Housing Minister Gregor Robertson says the average price of housing — not necessarily individual home values — must fall to restore affordability in Canada.
Robertson was before the House of Commons finance committee this morning answering MPs' questions about the Liberal government's affordability legislation.
Conservative MP Aaron Gunn asked the minister if he still believes home prices don't need to fall in Canada, citing comments Robertson made after he was sworn into cabinet in May.
Robertson responded that average prices in Canada do need to come down through the construction of more affordable housing at the lower end of the price scale.
When he was asked in May whether he felt home prices needed to come down, Robertson said no, adding that the federal governmen