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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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