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Decentralized Democracy

House Hansard - 220

44th Parl. 1st Sess.
September 19, 2023 10:00AM
Context: House Hansard - 220 - Sep/19/23
Mrs. Tracy Gray (Kelowna—Lake Country, CPC)
  • Sep/19/23 2:16:37 p.m.
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Mr. Speaker, “just inflation” cost everyone. Most young people feel they will never own a home. Rent has doubled, the Liberal-NDP inflationary deficits are driving up interest rates and families cannot afford their mortgages. Mortgage payments on a typical home are up 151% since the Prime Minister took office. The Prime Minister just said this about young people affording a home, “that loss of of of hope and optimism is devastating for people's morale. Of course, they're going to they're going to grumble at government.” Grumble? No wonder young people's morale is down when a national Bank of Canada's report says that it now takes 37 years to save for a house in Vancouver. Former Liberal finance minister John Manley said that the Liberals' deficits pressed on the inflationary gas pedal, which forced the Bank of Canada to press harder on the brakes with higher interest rates. Who will pay the cost of the Liberal-NDP runaway inflation which spiked at 4% today? We all will. The Prime Minister is just not worth the cost.
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