SoVote

Context: House Hansard - 218 - Jun/21/23

Hon. Pierre Poilievre (Leader of the Opposition, CPC)

Jun/21/23 2:27:01 p.m.
Watch

Mr. Speaker, it now takes 25 years for the average Torontonian to save up for the average down payment on a house. It used to be that one could pay off a mortgage in 25 years; now, that is what it takes just to get a down payment, after the Prime Minister's anti-construction inflationary policies have doubled the cost of housing. He has done this with deficits that drive up interest rates and drive down salaries, and by funding bureaucracies that block home construction. Will the Prime Minister reverse the policies that caused the housing crisis, so Canadians can put a roof overhead?

105 words

Context: House Hansard - 218 - Jun/21/23

Hon. Pierre Poilievre (Leader of the Opposition, CPC)

Jun/21/23 2:30:15 p.m.
Watch

Mr. Speaker, the Prime Minister's $80-billion worth of programs are not working. They have led to a doubling in the cost of an average down payment, double the necessary monthly mortgage payment, and a 120% increase in the average rent. This is way out of line with what is happening in other countries. Meanwhile, he continues to drive up interest rates on mortgages with his deficits, and to give money to local bureaucracies to block home building. Will the Prime Minister get off the backs and out of the way of Canadians so they can finally afford a home?

101 words

Context: House Hansard - 218 - Jun/21/23

Hon. Pierre Poilievre (Leader of the Opposition, CPC)

Jun/21/23 2:37:24 p.m.
Watch

Mr. Speaker, the Prime Minister expects to be judged on his promises rather than his results. The results are these. Eight years ago, housing was affordable, taking a modest 40% of average income to pay mortgages on an average house, which is something that is now up to 60%. The average cost of a house has nearly doubled. The cost of a mortgage payment has doubled. The cost of monthly rent has doubled. It is double trouble after eight years of this Prime Minister. Unfortunately, the Prime Minister wants to keep doing what caused the problem in the first place. Will he instead stop funding gatekeeping that blocks construction and bring down the deficits that are driving up mortgage rates?

120 words

Context: House Hansard - 218 - Jun/21/23

Hon. Pierre Poilievre (Leader of the Opposition, CPC)

Jun/21/23 2:59:34 p.m.
Watch

Mr. Speaker, last year's exorbitant increases in interest rates were incredible and unprecedented. They were caused by this government's inflationary deficit. Canadians are worried about losing their homes. According to the Bank of Canada, the average Canadian could see a 40% increase in their mortgage payments. The International Monetary Fund says that Canada is the country most at risk of experiencing a default crisis. Will the Prime Minister finally eliminate his inflationary deficits to lower interest rates on mortgages and ensure that Canadians can keep their homes?

89 words

Context: House Hansard - 218 - Jun/21/23

Hon. Pierre Poilievre (Leader of the Opposition, CPC)

Jun/21/23 3:01:00 p.m.
Watch

Mr. Speaker, after eight years of the Prime Minister, it now takes well over 60% of a family's pre-tax income to make monthly payments on an average house. That is mathematically impossible, but it is possibly about to get worse. The Prime Minister's inflationary deficits are driving up interest rates faster than at any time since any of us have been alive. This means that Canadians could face 40% increases in their monthly payments. There may be another bank rate increase this summer that could push Canadians to bankruptcy. Before Canadians lose their homes, will he get rid of his inflationary deficits to bring down those terrible mortgage rates?

112 words

Context: House Hansard - 218 - Jun/21/23

Hon. Pierre Poilievre (Leader of the Opposition, CPC)

Jun/21/23 5:20:18 p.m.
Watch

moved: That, given that, (i) Liberal budget 2023 adds more than $60 billion in new spending — that is $4,200 per family, (ii) inflation in Canada increased following the introduction of $60 billion in new Liberal spending, (iii) following the increase in Canada's inflation, interest rates were increased to 4.75%, (iv) the IMF warns that Canada is the country most at risk of a massive mortgage default, (v) average mortgage payments are up 122% since the Liberal Prime Minister took office, (vi) Canadian households have the most debt as a share of GDP of any country in the G7, (vii) the solution is to eliminate the deficits, balance the budgets in order to bring down inflation and interest rates, the House call on the government to table a plan to return to balanced budgets.

144 words

All Topics

Context: House Hansard - 218 - Jun/21/23

Mr. Terry Beech

Jun/21/23 6:08:08 p.m.
Watch

Madam Speaker, it is good to bring up the stress test measures that were brought up in 2018. We had historically low interest rates, and we were concerned Canadians might not be able to afford their mortgage payments if there was a sudden increase from historically low rates. We put that in place. What was the Conservatives' response? Not only did they speak against the stress test, but they actually suggested in the election that came after that we should extend amortization rates. They wanted Canadians to take on more debt and wanted to, in that action, increase housing prices at the same time.

104 words