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Decentralized Democracy

House Hansard - 153

44th Parl. 1st Sess.
February 3, 2023 10:00AM
  • Feb/3/23 11:13:14 a.m.
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Madam Speaker, for many families in Canada the tradition is to have multi-generational homes. How wonderful it is to visit a home where one not only sees the child and the parent but also the grandparent. This benefits not only the family, but also our communities. An elderly grandparent with their daughter’s family, or a son with a disability with their parents, are arrangements that can be an important way for them to take care of each other. Our government supports multi-generational homes, and this year the multi-generational home renovation tax credit will be well under way. It provides up to $7,500 in support for constructing a secondary suite for a senior or an adult with a disability. This refundable credit would allow families to claim 15% of up to $50,000 in eligible renovation and construction costs incurred to construct a secondary suite. This is a great way to support families here in Canada.
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  • Feb/3/23 11:18:54 a.m.
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Madam Speaker, after eight years of failed Liberal policies driving up inflation, Canadians are faced with high interest rates and higher mortgage payments and are seeing home prices double across the country. An average monthly mortgage under the Liberal government has more than doubled, going from $1,500 to more than $3,000. Home ownership is impossible and a pipe dream for nine out of 10 young people, as 35-year-olds are forced to continue to live in their parents’ basements. Let us be clear: Liberal inflation caused this mess. Will the Liberals apologize and take responsibility for pricing young Canadians out of homes?
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