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Decentralized Democracy

House Hansard - 117

44th Parl. 1st Sess.
October 25, 2022 10:00AM
Context: House Hansard - 117 - Oct/25/22
Mr. Larry Brock (Brantford—Brant, CPC)
  • Oct/25/22 2:09:25 p.m.
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Mr. Speaker, Canadians cannot afford the costly coalition between the Liberal Party and the NDP. While the government acknowledges that there is a housing affordability crisis, it has done nothing to address it. Instead, its massive chaotic spending drives ownership costs to record high levels. Since the beginning of this year, the Bank of Canada's rate hikes have added hundreds of dollars to mortgage payments every single month. This is in addition to record high taxes, grocery prices and “just inflation”. RBC's national aggregate housing affordability measure surpassed the previous worst-ever point in 1990. This is the verdict on the Prime Minister, who prioritizes his own political interests over the well-being of millions of Canadians and the future of our next generations. In contrast, our new Conservative leader has a plan to restore the hope of home ownership in Canada. A Conservative government would stop this never-ending random spending by the NDP-Liberal—
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Context: House Hansard - 117 - Oct/25/22
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Oct/25/22 2:23:13 p.m.
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Mr. Speaker, the Prime Minister has built a house of debt. He doubled Canada's debt. He added more debt than all Canadian prime ministers combined. He flooded our financial and mortgage system with easy cash, which bid up house prices, forcing Canadians to pay over a million dollars for the average home in Toronto or Vancouver. Now the bill is coming due tomorrow, and interest rates are expected to go up half to three-quarters of a point. Those same Canadians who the Prime Minister forced to over-leverage themselves will be hit with an uppercut of surprise higher interest rates that his government said would never happen. How could he have been so irresponsible?
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