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Decentralized Democracy

House Hansard - 171

44th Parl. 1st Sess.
March 22, 2023 01:00PM
  • Mar/22/23 2:14:42 p.m.
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Mr. Speaker, after eight years under the Prime Minister, the dream of home ownership has died. The average rent for a two-bedroom apartment has doubled since 2015. The average monthly mortgage payment has more than doubled, from $1,400 to over $3,200. Canadians are finding it impossible to save for a down payment or afford a mortgage. All of their hard-earned money is going to skyrocketing rent and groceries thanks to the Prime Minister's inflationary spending and taxes. Young people are doing everything we asked them to do: going to school, getting a job and working hard. However, they still cannot afford to own a home. They deserve better. Conservatives will bring homes Canadians can afford, cut taxes so that we can bring home more pay, sell unused federal buildings to convert to housing and remove the gatekeepers to build more homes. We know that the Liberals do not believe in the dream of home ownership, but Conservatives do. When it comes to home ownership, it is time for the Prime Minister to move out of his taxpayer-funded home so that Canadians can move into theirs.
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  • Mar/22/23 2:23:03 p.m.
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Mr. Speaker, eight years ago, the Prime Minister promised, and I quote, that he was going to “make it easier for Canadians to find an affordable place to call home”. On the day he made that promise, the average mortgage payment was $1,400. How much is it today?
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  • Mar/22/23 2:24:05 p.m.
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Mr. Speaker, the question was about what he promised in 2015: “We will make it easier for Canadians to find an affordable place to call home.” When he made that promise, the average monthly payment for a mortgage in Canada was a modest $1,400. What is it today?
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  • Mar/22/23 2:26:27 p.m.
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Mr. Speaker, he would have us believe that Canadians have never had it so good. Let us ask the nine in 10 young people who believe they will never own a home, or the 35-year-olds living in their parents' basements because they cannot afford the new doubling of the average down payment, mortgage payment or rental cost. Speaking of paycheques, when he took office, someone only needed 39% of the average paycheque to make monthly payments on the average house. That number has risen to 62%. By every objective measurement, things are more expensive and Canadians are taking home less. How did he spend so much to achieve so little?
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  • Mar/22/23 2:37:25 p.m.
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Mr. Speaker, we do not have to imagine what prices would have been were I making the decisions, because when I was the housing minister, the average mortgage payment and the average rent payment were half of what they are now. We do not have to imagine that; it is called history. The Prime Minister's solution is to continue to spend billions of dollars. He spent $89 billion on housing affordability to double mortgage payments, double rental costs and double the needed down payment. How did he spend so much to achieve so little?
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