SoVote

Context: House Hansard - 221 - Sep/20/23

Mr. Marty Morantz (Charleswood—St. James—Assiniboia—Headingley, CPC)

Sep/20/23 2:13:24 p.m.
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Mr. Speaker, in June, the finance minister said, “Canada’s plan to bring down inflation is working.” She called it a “milestone moment”, taking credit for the reduction. Yesterday, we learned inflation has gone up to 4%, an increase of 43% since she made those comments. Now inflation is higher here than it is in the United States. Mortgage payments are up 151%, to $3,560. Rent has doubled. Before the Prime Minister took office, it took 25 years to pay off a mortgage. Now it takes 25 years just to save for a down payment. The NDP-Liberal government wants to blow the bank. The Prime Minister has added more debt than all previous prime ministers combined. Common-sense Conservatives would bring homes people can afford by reducing inflationary deficits and taxes to bring lower interest rates. After eight years, the Prime Minister is just not worth the cost.

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Context: House Hansard - 221 - Sep/20/23

Ms. Leslyn Lewis (Haldimand—Norfolk, CPC)

Sep/20/23 2:40:56 p.m.
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Mr. Speaker, former Liberal finance minister John Manley said that the Liberal deficit spending is like pressing a gas pedal on inflation while the Bank of Canada is trying to press the brakes on it by raising interest rates. Eight years ago, Canadians could afford to pay off their mortgage in 25 years. Now it takes 25 years just to save for a down payment. When will the Prime Minister stop his reckless spending so Canadians can once again afford to buy homes?

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Context: House Hansard - 221 - Sep/20/23

Hon. Pierre Poilievre (Carleton, CPC)

Sep/20/23 3:40:58 p.m.
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moved for leave to introduce Bill C-356, An Act respecting payments by Canada and requirements in respect of housing and to amend certain other Acts. He said: Mr. Speaker, it is an honour to rise today to introduce the building homes not bureaucracy act, and now, more than ever, it is necessary. After eight years, the Prime Minister had doubled the national debt, which has ballooned mortgage rates, and he has funded local bureaucracies to block homebuilding. We have the fewest homes per capita of any country in the G7, even with the most land to build on. Now he has a program that will add even more bureaucracy. It has taken a year and a half for the first announcement and has not built a single home. My common-sense plan is based on the success I had when I was minister, when housing costs were half of what they are now. The approach that I take in this bill is to keep the existing GST rebate on purpose-built rentals, but also extend it to all new construction of rentals for which the rent is below average to encourage affordable home building, not $2-million penthouses. Second, we will cut the bonuses of CMHC officials if they do not provide decisions on financing new homebuilding construction within the promised 60 days. Next, we will make it a legal requirement that municipalities approve and allow construction of affordable housing around every single federally funded transit station, and the dollars will not move until people are moved into those apartments. Finally, we will incentivize cities to speed up and lower the cost of building permits and free up land by linking the federal dollars they get to the number of homes that actually get completed. There will be a target of 15% more homebuilding per year, which would double home construction within five years at a compounding rate. Those that beat the target by 1% will get 1% more money; those that miss it by 1% will get 1% less. It is a simple mathematical formula for which no new forms, no new bureaucracy and no new delays are required. It is common sense of the common people united for our common home. Now let us build some homes.

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Context: House Hansard - 221 - Sep/20/23

Mr. Jasraj Singh Hallan (Calgary Forest Lawn, CPC)

Sep/20/23 4:01:29 p.m.
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Mr. Speaker, I rise today to request an emergency debate, following yesterday's news that Canada's CPI inflation is once again on the rise. It has increased 43% in the last two months to reach 4%, double the Bank of Canada's target rate. This is at a time when Canadians are already suffering the cost of living crisis following two years of inflation brought on by the Liberal government's inflationary deficits. As former Liberal finance minister John Manley has said, that is like pushing on the gas while the Bank of Canada slams on the brakes as it raises interest rates to levels not seen in over 20 years. Insolvencies, bankruptcies and mortgage delinquencies are on the rise. A quarter of mortgage holders say they are struggling to pay their monthly mortgage bill, and food banks estimate they will see a 60% increase in usage this year. Canadians can no longer afford basic necessities, the cost of rent or a mortgage. According to the IMF, our country is the most at risk in the G7 for a mortgage default crisis. The pain felt by Canadians is real, and the risk for even more serious economic problems is very real. Therefore, I request an emergency debate to address this crisis.

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