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Decentralized Democracy

House Hansard - 152

44th Parl. 1st Sess.
February 2, 2023 10:00AM
  • Feb/2/23 2:19:07 p.m.
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Mr. Speaker, eight years of this government's inflationary policies have driven the average monthly mortgage cost up from $1,500 to over $3,000. It has doubled. Rental rates have gone up almost as much. Inflationary policies are driving prices up across the board along with interest rates. Will the Prime Minister finally take responsibility for doubling the cost of a house?
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  • Feb/2/23 2:20:27 p.m.
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Mr. Speaker, after eight years of this Prime Minister's inflationary policies driving up home prices and now interest rates, the cost of a monthly mortgage, on average, has gone up from about $1,500 to over $3,000. No wonder nine in 10 young people who do not own a home believe they never will. Home price inflation is a homegrown problem. Instead of blaming the rest of the world for the problems he has caused, will the Prime Minister take responsibility for pricing our working-class youth out of a home?
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  • Feb/2/23 2:21:43 p.m.
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Mr. Speaker, we voted against every single one of the inflationary programs that have doubled the cost of housing in this country for our young people. After eight years, all the Liberals can do is brag about the hundreds of billions of dollars of other people's money they spent. What is the result? Home prices doubled to make Canada the fifth most inflated housing market in the world, with Toronto being the worst city as housing markets go. The average mortgage payment has doubled from $1,500 to $3,300 and rent in Toronto, our biggest city, is up nearly 100%. Will they finally take responsibility for pricing our young people out of homes?
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  • Feb/2/23 2:23:11 p.m.
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Mr. Speaker, no, none of those Canadians created inflation. The Prime Minister created inflation. He doubled our national debt, adding $500 billion of inflationary debt, more debt than all other prime ministers combined. What did that do? That inflated the price of everything, especially real estate, and delivered the single worst housing bubble anywhere in the world right in Toronto. Toronto is more overpriced than Singapore, Manhattan and London, England. Now the cost of a mortgage has doubled across the country, and the cost of rent has doubled in our biggest markets as well. This is a homegrown problem. Will the Liberals finally take responsibility for causing it?
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  • Feb/2/23 2:31:20 p.m.
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Mr. Speaker, after eight years of the Prime Minister and the government, Canadians are suffering. Mortgage payments have doubled, rents have increased across the country at the highest pace in the last 30 years. The cost of groceries has skyrocketed. Everything is more expensive because of the government's inflationary and uncontrolled spending. Will Liberals now admit that their economic polices over the last eight years have not worked, and it is time to change course to help Canadians get through the mess that the Liberals created?
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