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Decentralized Democracy

House Hansard - 119

44th Parl. 1st Sess.
October 27, 2022 10:00AM
Context: House Hansard - 119 - Oct/27/22
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Oct/27/22 2:24:03 p.m.
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Mr. Speaker, as part of its money printing scheme, the government flooded the financial and mortgage markets with $400 billion of cash that bid up house prices faster than at any time in history. Home prices doubled under the Prime Minister, creating the second-biggest housing bubble on planet earth. The government said that rates would never rise and families believed it. Quoting CityNews, now that they have risen, “Rob and his wife have an adjustable-rate mortgage and say their payments have gone up by $2,000 a month.” They have three kids. They cannot pay it. What the hell do they do now?
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