44th Parl. 1st Sess.
March 25, 2022 10:00AM
- Mar/25/22 10:49:33 a.m.
- Watch
- Re: Bill C-8
Madam Speaker, it is always a privilege to rise in the House and to have the opportunity to speak.
I want to start this morning by talking a bit about my family. My wife, Irene, and I have three amazing kids, a son and two daughters, and 10 grandchildren. We have more than tripled our investment, if one does the math, and that is what good Conservative policies can do.
I love those kids. One of the reasons I got into politics is because I love those kids and I care about the future. Like every parliamentarian who is sitting in the House today, I know we want to leave the next generation off better than we are ourselves, so we agree on that. We disagree on a lot of things, and we disagree passionately about things.
One of the things we disagree on is how we want to see Canada become a better place and how best to get there. That is why we have these debates. They matter for the future of our children. That is democracy. Like my colleagues, I am proud to say that this bill, Bill C-8, is the wrong approach for Canada, for our children and for our grandchildren.
There is a story of a kid who went and bought a used football at a second-hand store. He brought it up to the counter, and the man told him it was $5. The man then asked him he would also like him to pump it up for him. The kid agreed. The man got out a small hand pump and in a few seconds the ball was inflated. Then the man said the football would now cost $10. The boy asked the man why it was now $10 when it was originally $5. The man shrugged and said he was sorry, but that is the cost of inflation.
Inflation, that is what Bill C-8 would do. It is going to fuel the already out-of-control inflation in this country because it is going to add more than $70 billion of new inflationary fuel to the existing fire. It is a fire. It is a raging fire of $1.2 trillion, and we need to address that. This bill would exacerbate that, and that fuel will further increase the deficit. It is going to increase our debt, and Canadians cannot afford more inflation.
Rebekah Young, the director of fiscal and provincial economics at Scotiabank, said, “With the Canadian economy already at capacity and price pressures mounting, incremental spending - even if merited - could complicate efforts to keep inflation expectations moored.”
Inflation is already hurting Canadians. I am getting letters from across my riding to this effect. One person wrote that they went to the store today and spent $200 on groceries, none of it even for them. They said that the butter was over five bucks, and the price of gas is outrageous.
Another wrote that they have to ask themself if they should pay for groceries or for their hydro bill. They wonder how long can this continue, and say that folks should not have to be making these types of decisions.
Yet another wrote that she has young adult children and grandchildren. She is very concerned for them, with the price of groceries and the price of living is so high. She worries for this younger generation and said she was reaching out to me in all this craziness to ask for advice. She went on to say that she and her husband live in my riding, and that they make a good living, or least they used to. They used to think of themselves as middle class. Apparently, that is not good enough anymore because her husband just got a second job and they have three grown kids that live in their home because they cannot afford to move out.
Let us talk about why people cannot afford to move out. One reason is food prices, the most basic necessity of life. In a country as blessed and wealthy as Canada, nobody should ever go hungry. There is no reason why any man, woman or child should go to bed, school or work hungry, yet for more and more, this is the reality Canadians are facing every day, and the reason is because of inflated food prices.
I could stand up here and talk about percentages, but all members need to do is go to their grocery store and look at the bill. They know that prices just keep going up. Even if the price stays the same, and my wife has told me this recently, the package and the portions are smaller and the quantities are fewer. The price has not changed, it is the same old price, but we are not getting the same bang for our buck we got just a year ago.
The average Canadian family will pay an additional $1,000 a year for groceries this coming year. As if that is not bad enough, in my riding, which is largely rural, it gets even more complicated. A constituent told me the other day that if they had not made significant changes and cuts to their weekly grocery bill, they would be paying $1,000 more every two months. We are not talking luxury vehicles or vacation homes. We are talking about something as basic as making sure that Canadians can put food on the table, and for too many Canadian families and seniors, that is getting harder to do.
We also know that when the price of food goes up, the more expensive items, the really healthy foods like fruits and vegetables, tend to be the first things to go up in price and the first things that get cut from the budget because they are just too expensive.
By the way, when grocery prices go up, who gets the money? The government sure takes its share. I do not have time this morning, but I could talk a long while about how the carbon tax has actually fuelled inflation and damaged the average Canadian's affordability index. We know who does not get the money, and that is the average hard-working Canadian who is finding it harder and harder to get by, let alone get ahead.
Liberals claim that inflation is a worldwide phenomenon, the result of international markets reacting to COVID, the global supply chain issues and the war in Ukraine. I am sure all of those things do play a role and that makes a very convenient smokescreen for the government, but let us look at the facts.
Canada has the ability to feed itself. Canada has abundant resources, which should have resulted in affordable gas prices, but because of the Liberal government, it has not. There is no reason we cannot produce enough quality food for Canadians so that the prices are reasonable. There is also no reason we cannot ship it across at a reasonable price. The only reason that neither of those things is happening right now is because of the government's policies.
Let us also look at housing. Let us talk housing for a minute. When the Prime Minister took office, the average home price in Canada was $435,000. Today, a mere six and a half years later, the average home price is $810,000, a whopping 85% increase. That is what The Canadian Real Estate Association's chief economist called the biggest gain of all time. That is “Justinflation”.
Bloomberg reports that Canada has the second most inflated housing bubble in the world. Toronto and Vancouver are the world's fifth and second most expensive housing markets. Families are now spending two-thirds of their gross income on monthly mortgage payments for the average home. No wonder 53% of Canadian families are on the verge of not being able to pay their bills and service their debt. It is not just in our major cities either.
I recently heard from two of my constituents, Joe and Skylar. They just had a baby and, like many Canadians, are trying to save up money for a house. This makes sense because renting where they live costs as much, if not more, than a mortgage payment. The issue is a down payment. When prices are inflated like this, that becomes an issue.
In the town where they live, the average home price is about $400,000. If they could get a minimum 5% down payment, they would need to save up $20,000. That would be tough enough, but Joe is a self-employed contractor who recently started his own construction company. Because he is self-employed, the bank says he needs a 30% down payment. How is Joe, a single income earner, supposed to save up $120,000? That is in rural Manitoba. Imagine if they lived in Toronto or Vancouver, where the average home price is $1.5 million, which requires a $450,000 down payment for self-employed individuals.
A home for their family is fast becoming the impossible dream, just like it is for so many Canadians. Why is this? It is because of “Justinflation”. Justinflation is hitting our homes. It is hitting homes right across Canada. Instead of infusing another $70 billion into our existing $1.2 trillion of debt, we need a viable plan forward. As Robert Asselin, senior vice-president of policy at the Business Council of Canada, said, “The right path is to grow the economy to pay for new spending measures – not the other way around.”
Canadians are finding it harder to make ends meet. To fill up one's car costs more, groceries cost more, household items cost more. Simply put, inflation is causing everything to cost more. Policies are crippling to families, farmers and truckers. I look at this bill and, to be honest, I do not think this is going to help. I do not think more spending is the answer. I do not think more regulation is the answer.
It is not the cost of food, gas or housing that is the real problem. It is the cost of the government, a government whose policies ensure that more dollars are chasing fewer goods. It is the fact that we have a government that says it wants to help families, when it really needs to just get out of the way. It should stop flooding the market with inflationary currency, get the deficit under control, reduce the debt and stop trying to control everything. The government needs to let Canadians live their lives and get out of the way.
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- Mar/25/22 10:59:36 a.m.
- Watch
- Re: Bill C-8
Madam Speaker, I anticipated the member for Winnipeg North would be here with a question. I would be really eager to provide him with an answer, but there is $600 billion that the Liberal government has spent in the last two years that is unaccounted for. I cannot tell him where he should have spent less money because he will not tell us where he spent the money in the first place.
It is time for the government to be honest and transparent with Canadians.
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