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Decentralized Democracy

House Hansard - 60

44th Parl. 1st Sess.
April 28, 2022 10:00AM
Context: House Hansard - 60 - Apr/28/22
Mr. Dan Albas (Central Okanagan—Similkameen—Nicola, CPC)
  • Apr/28/22 2:53:14 p.m.
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Mr. Speaker, millennials with good jobs just want out of their parents' basements, but the cost of living under the Liberal government is going through the roof. The budget's signature housing promise is a shiny new savings account, but who has $8,000 a year to save, with out-of-control gas, grocery and housing inflation? Could the Minister of Housing please enlighten us: Where will these millennials find $8,000 a year to save, or does he believe that young families can always do what the speNDP-Liberals do, which is just go borrow more money?
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Context: House Hansard - 60 - Apr/28/22
Mr. Doug Shipley (Barrie—Springwater—Oro-Medonte, CPC)
  • Apr/28/22 4:30:18 p.m.
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  • Re: Bill C-8 
Madam Speaker, I have a very straightforward question. Where I come from, Barrie—Springwood—Oro-Medonte, the average price of a home is over $900,000. It is getting very tough for young people to buy their first home. In the recent budget 2022, there was a tax-free savings account set up to a maximum of $40,000. If someone hits that $40,000 in my area, they are still nowhere near being able to buy their first home. Can I maybe get an explanation as to why we are topped off at only $40,000 and how that is supposed to help people buy their first home?
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