SoVote

Context: House Hansard - 211 - Jun/12/23

Mr. Brad Vis (Mission—Matsqui—Fraser Canyon, CPC)

Jun/12/23 2:11:28 p.m.
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Mr. Speaker, under the government, Canadian families are in more debt than any other country in the G7. Last week, with the passage of budget 2023, the costly coalition poured another 60 billion dollars' worth of fuel onto the inflationary fire, sparking another interest rate hike from the Bank of Canada. Families with variable-rate mortgages, those who the Prime Minister encouraged to borrow, promising rates would be low for a long time, are seeing their monthly payments going up again. Even before last week's hike, rate increases had already added $1,000 a month to the average $500,000 mortgage. In my province of B.C., the average cost of a home is $995,000. We can think about how this rate hike will impact British Columbians. Thanks to the government, families are worried about how they are going to pay for their groceries, day care, summer camps and everything else. Conservatives would put a stop to deficit spending, get inflation under control, create powerful paycheques and get homes built that Canadians can afford. For their home, my home, our home, Conservatives are going to bring it home.

190 words

Context: House Hansard - 211 - Jun/12/23

Mr. Jagmeet Singh (Burnaby South, NDP)

Jun/12/23 2:27:57 p.m.
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Mr. Speaker, interest rates have shot up so quickly that families are struggling to pay their mortgages. We can give an example of someone in Toronto. An average family that bought an average home a year and a half ago would have to find over an additional $27,000 by the end of this year. That is a shocking amount. What advice would the Prime Minister give to these families that are struggling with the cost of a mortgage for how they can come up with this additional amount of money?

91 words

Context: House Hansard - 211 - Jun/12/23

Mr. Scott Aitchison (Parry Sound—Muskoka, CPC)

Jun/12/23 5:33:02 p.m.
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Mr. Speaker, I rise on behalf of the Conservative members of the Standing Committee on Human Resources, Skills and Social Development and the Status of Persons with Disabilities to table a dissenting report to the main report of the committee with respect to the national housing strategy. We all know that when the national housing strategy was presented by the government some years ago, it was described as a transformational plan. Of course, we all know that despite that and the work of the Canada Mortgage and Housing Corporation, rents have doubled and mortgages have doubled. This has driven Canada to a high risk of mortgage defaults and has allowed the number of persons experiencing homelessness to grow significantly. Conservative members also wish to highlight that the person ultimately responsible for these failures of the CMHC is the Minister of Housing, along with the government. He is responsible for the massive increase in the government fees the CMHC has just introduced on multi-unit residential housing. He is responsible for the complex paperwork that stalls so many applications. He is responsible for the crisis that is unfolding today.

188 words