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House Hansard - 23

44th Parl. 1st Sess.
February 3, 2022 10:00AM
Context: House Hansard - 23 - Feb/3/22
Mrs. Anna Roberts (King—Vaughan, CPC)
  • Feb/3/22 3:45:51 p.m.
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  • Re: Bill C-8 
Madam Speaker, I have a question that no one has been talking about, and I would like to address a couple of the member's statements on the future of our kids and borrowing. First of all, we have a lack of supply. In my riding, the average price of a condo is $1 million. Apart from the average price of the condo, we also incur costs when purchasing property, so addressing the financial burden on new homeowners is essential. Taxes, such as the carbon tax, the tax on energy and the tax on fuel, create the opportunity for individuals not to be approved by financial institutions. When we take into consideration their gross income and their qualification based on TDS and GDS, it is very important to understand that a person's income can buy less because of the inflation situation. Can my hon. colleague please explain to me how we are going to help people get into the market when we do have inventory, given their income is dropping and they cannot afford it?
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