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Decentralized Democracy

House Hansard - 122

44th Parl. 1st Sess.
November 1, 2022 10:00AM
  • Nov/1/22 12:49:53 p.m.
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Madam Speaker, I thank my colleague for her speech. She spoke about Bill C-31 and the housing assistance set out in that bill. Unfortunately, there is a severe housing crisis going on. A few weeks ago, I spoke with an economist from the Canada Mortgage and Housing Corporation. He told me that in Quebec alone, 600,000 new units would need to be built over the next 10 years to deal with the crisis. Bill C‑31 does not provide for the construction of a single unit. This year, $500 is being sent out, but more money will need to be sent out next year. In addition, 85,000 Quebeckers who live in social housing are being left out. That is a fundamental issue. Does my colleague not think that Bill C‑31 could have built units to address the shortage, instead of sending out one-time cheques this year?
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  • Nov/1/22 12:51:17 p.m.
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Madam Speaker, my colleague talked about housing affordability. My riding, which is part of metro Vancouver, has a real housing affordability crisis. I was talking to a young family that had just been told its mortgage payments were going up $700 a month, which makes the government's $500 rental assistance plan really pale in significance. I wonder if the member could comment on the government understanding the fundamentals of an economy that drives inflation and interest rates? That is the real solution.
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  • Nov/1/22 2:33:33 p.m.
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Mr. Speaker, once up a time, many Canadians trusted the Liberals that interest rates would stay low. Many purchased homes based on this promise. The Prime Minister then added more debt than all other prime ministers combined. Even Liberal Mark Carney has said that “inflation is principally a domestic story”. For many Canadians, inflation is not a story; it is a nightmare. Some mortgage payments have risen by over $2,000 a month. Will the Liberals end this inflationary nightmare and commit to cancelling their plan to raise taxes?
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  • Nov/1/22 2:36:06 p.m.
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Mr. Speaker, according to Equifax, non-mortgage debt is over $21,000 per consumer, and over 50% of Canadians are worried about not being able to pay their monthly bills. Over the past two years, the Prime Minister has spent over $200 billion on things that had nothing to do with the pandemic. That is equivalent to the federal income taxes of 27 million middle-class Canadians. Once again, will he commit to stopping his inflationary spending and to not raising taxes for Canadians, who have had enough?
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