OTTAWA: On Wednesday, October 23rd 2013, Elgin-Middlesex-London MP Joe Preston
helped launch the new Conservative Housing and Construction Caucus on Parliament
Hill and joined as a Permanent Member.
"The housing industry is a key driver of our local economy. When our housing sector
is healthy and succeeding, it means good paying jobs and spin-off benefits for all
of Elgin-Middlesex-London not to mention quality and affordable homes for our families,"
said MP Preston. "As a Member of the new Conservative Housing Caucus, I look forward
to ensuring that the needs of employers and workers in the Elgin-Middlesex-London
housing sector are strongly represented in Ottawa."
Having a strong and vibrant housing industry is critical in order to ensure Canada's
long-term economic prosperity. Canada's housing industry is a major contributor
to a healthy and strong Canadian economy and a strong local economy in Elgin-Middlesex-London.
The single biggest investment most Canadian households will ever make is in their
home. In fact, it is estimated that a house, on average, is worth 40% of a family's
assets, which is the equivalency of their pensions, insurances and investments combined.
From an industry perspective, according to Canadian Homebuilders Association (CHBA),
total spending on residential construction and renovations totals over $113 billion
dollars annually and the construction industry helps employ over 850,00 Canadians;
with many more employed in related finance and insurance careers. Overall, the housing
market accounts for around 20% of Canada's GDP.
The housing industry matters; and the new Conservative Housing and Construction
Caucus will exist to work with employers, workers, advocacy organizations and stakeholders
to represent and advocate for policies and legislation that promotes a healthy and
vibrant housing industry in Canada. This creates an exciting new opportunity for
representatives of the housing sector in Elgin-Middlesex-London to have their voices
heard on Parliament Hill.