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House Hansard - 182

44th Parl. 1st Sess.
April 21, 2023 10:00AM
Context: House Hansard - 182 - Apr/21/23
Mr. Scott Aitchison (Parry Sound—Muskoka, CPC)
  • Apr/21/23 11:53:15 a.m.
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Mr. Speaker, “we see the interest rate increases over the course of 2022 leading to lower housing starts this year.” Those are the words of a market analyst at the CMHC. Excessive Liberal borrowing and spending caused a spike in interest rates and will stall new housing construction. CMHC has also said that we need to build 5.8 million homes by 2030 if we have any hope of restoring affordability. Why, then, is this costly coalition so determined to block the construction of the homes Canadians so desperately need?
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Context: House Hansard - 182 - Apr/21/23
Mr. Scott Aitchison (Parry Sound—Muskoka, CPC)
  • Apr/21/23 11:54:37 a.m.
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Mr. Speaker, well, it is pretty clear it is not working. The average rent in Toronto for a one-bedroom apartment is now over $2,500 per month. Canadians who are going to renew their mortgages this year are faced with record increases in interest costs, and now the CMHC has increased fees by up to 200% on the programs builders use to finance multi-unit residential construction. If the government really wants to build more homes, why does it continually make it so much more expensive?
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