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Decentralized Democracy

House Hansard - 8

44th Parl. 1st Sess.
December 1, 2021 02:00PM
Context: House Hansard - 8 - Dec/1/21
Hon. Pierre Poilievre (Carleton, CPC)
  • Dec/1/21 2:39:00 p.m.
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Mr. Speaker, the more the Prime Minister spends, the more it costs. Housing prices have gone from $450,000 under the last year of the Conservative government to $716,000 under the government, up 32% in just over a year. We now have the biggest housing bubble in the world outside of New Zealand, and Toronto and Vancouver are the fifth- and second-most expensive housing markets in the world, ahead of Manhattan, San Francisco, London and others. If the Prime Minister is not to blame, then exactly what is causing this housing price inflation?
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Context: House Hansard - 8 - Dec/1/21
Hon. Pierre Poilievre (Carleton, CPC)
  • Dec/1/21 2:40:25 p.m.
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Mr. Speaker, when the Conservatives were in office, it cost less to own a home. The average family could buy a place for $450,000, not the $720,000 of today. Why are prices rising so suddenly? Well, the number of wealthy landlords buying houses went up by 100% since March 2020, according to the Bank of Canada. What happened in March 2020? That was when the government began printing money, flooding the mortgage system and ballooning housing costs. When will the Liberals stop flooding the market with cheap cash for wealthy landlords?
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