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Decentralized Democracy

House Hansard - 11

44th Parl. 1st Sess.
December 6, 2021 11:00AM
Context: House Hansard - 11 - Dec/6/21
Hon. Pierre Poilievre (Carleton, CPC)
  • Dec/6/21 2:36:54 p.m.
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Mr. Speaker, despite the fact that Canada has the second-biggest housing bubble in the world, according to Bloomberg, and Vancouver and Toronto are the second and fifth most unaffordable housing markets on earth, according to Demographia, the Liberal media and the Liberal government want me to stop talking about housing inflation. Who does not want me to stop talking about it? Raj, who is an IT worker from Brampton. He has had to drive Uber in order to save up over 15 years to make a down payment on the average house in his community. Will the minister tell Raj and other Canadians whether we have a housing bubble, yes or no?
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Context: House Hansard - 11 - Dec/6/21
Hon. Pierre Poilievre (Carleton, CPC)
  • Dec/6/21 2:38:16 p.m.
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Mr. Speaker, it is no surprise that the finance minister is running away from her record on housing inflation. After all, since she took the job, prices are up by 20%. Since this government took office, they are up 58%, almost $300,000. They really started to rise when the government started to flood financial and mortgage markets with $400 billion of easy money, which has raised not only house prices but also land prices. Now that we have the second-biggest housing bubble in the world, will the finance minister finally recognize that Canada has a housing bubble, yes or no?
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Context: House Hansard - 11 - Dec/6/21
Hon. Pierre Poilievre (Carleton, CPC)
  • Dec/6/21 2:39:34 p.m.
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Mr. Speaker, the member loves to quote the Liberal, state-funded media to defend herself. Well, let us do that. Let me quote The Globe and Mail, which wrote, “The Liberal government is asking Parliament to approve billions of new spending during a brief four-hour sitting in Ottawa but is facing questions because it has not released a full accounting of how it spent more than $600 billion last year”. We do not know how this deficit ranks because the Liberals will not release the public account. All we know is that they have flooded the economy with over a half trillion of deficit spending, driving up housing prices to be the second highest in the world. I will go back to the same question: Does Canada have a housing bubble, yes or no?
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Context: House Hansard - 11 - Dec/6/21
Hon. Pierre Poilievre (Carleton, CPC)
  • Dec/6/21 2:41:03 p.m.
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Mr. Speaker, I wish she would go on because she loves to quote Liberal media commentators. One of the articles she quoted earlier actually talked about how she put manipulative media on Twitter, making history as the first minister in Canadian history to be sanctioned by a social media company for sharing misinformation online, so enough with the misinformation. The question was about housing prices. According to Bloomberg, we have the second largest housing bubble in the world. Will the minister acknowledge that there is a housing bubble in Canada, yes or no?
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