SoVote

Decentralized Democracy

House Hansard - 216

44th Parl. 1st Sess.
June 19, 2023 11:00AM
Context: House Hansard - 216 - Jun/19/23
Mr. Doug Shipley (Barrie—Springwater—Oro-Medonte, CPC)
  • Jun/19/23 2:18:36 p.m.
  • Watch
Mr. Speaker, at a time when Canadians are struggling, the Liberal government continues to pour fuel on the inflationary fire by recklessly adding $4,200 in new spending and debt for every household in Canada. To make matters worse, the Bank of Canada’s most recent interest rate hike will be a disaster for families with variable rate mortgages and with mortgages that are up for renewal. Families who bought a home five years ago, with a typical mortgage that is up for renewal, will now, on average, pay $7,000 more a year in interest alone. In Barrie, this situation has become critical. I recently spoke to a local bank manager, and he indicated that their branch is currently working with 40 struggling families trying to keep their homes. Considering that there are over 35 financial institutions in Barrie, this could mean that approximately 1,500 families in my riding are in a similarly dire predicament. Canadians deserve better. They deserve a government that can bring home powerful paycheques, lower their taxes and build more homes. Only a Conservative government can provide the relief that Canadians so desperately need.
191 words
  • Hear!
  • Rabble!
  • star_border