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Decentralized Democracy

House Hansard - 56

44th Parl. 1st Sess.
April 8, 2022 10:00AM
Context: House Hansard - 56 - Apr/8/22
Mr. Dan Albas (Central Okanagan—Similkameen—Nicola, CPC)
  • Apr/8/22 11:32:31 a.m.
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Mr. Speaker, another spend-DP-Liberal housing policy that is not as advertised is the first-time homebuyer savings account. So many millennials cannot go to the bank of mom and dad and instead have to scrimp and save every penny, and they do not qualify today for a mortgage because of the Liberal stress test. If those who are fortunate enough to have saved today cannot get into a home, how in the world will it be any different for those millennials who will scrimp and save over the next five years in their shiny savings account when the stress test bounces them as well?
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Context: House Hansard - 56 - Apr/8/22
Mrs. Anna Roberts (King—Vaughan, CPC)
  • Apr/8/22 11:52:04 a.m.
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Mr. Speaker, using the example in the budget, a couple earning $90,000 per year would qualify for a home purchase of $355,000. Using the tax-free savings account in 2027, the couple would be eligible for a $500,000 purchase price, if all other variables, including mortgage rates, remain constant. Failing Liberal housing policy has doubled the price of homes to $816,000. Why is the government continuing to fail aspiring homeowners?
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