SoVote

Decentralized Democracy

House Hansard - 233

44th Parl. 1st Sess.
October 17, 2023 10:00AM
Context: House Hansard - 233 - Oct/17/23
Mrs. Karen Vecchio (Elgin—Middlesex—London, CPC)
  • Oct/17/23 10:52:47 a.m.
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Mr. Speaker, I do not know if things are different in the member's part of the country than they are in mine. I just met with members from LSTAR, which is part of CREA, the Canadian Real Estate Association. They shared with me that one of their smallest branches just announced 40 delinquent mortgages. The banks do not know what to do because, if they go forward and close some of these, what will happen to the rest of housing? We know that we are in a crisis when we are seeing small towns with 40 delinquent mortgages. What does the member have to say about her government's record on this?
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Context: House Hansard - 233 - Oct/17/23
Ms. Rachel Bendayan
  • Oct/17/23 10:53:29 a.m.
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Mr. Speaker, I certainly appreciate the members opposite raising important issues local to their own communities. I have to say that I am hearing very similar things in my community. I know that the banks are working very hard to find solutions for their customers. The news this morning that inflation is falling is certainly welcomed by our government not only in that we need to stabilize inflation to ensure that we stabilize prices, but also that we need to make sure that the Bank of Canada continues to work on interest rates and ensure that Canadians are well served by our institutions. I think the elements of BillC-56, as I pointed out in my speech, are important to help Canadians who are struggling to find homes and to help Canadians who are facing higher prices at the grocery store. I certainly hope the member opposite will support that bill.
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Context: House Hansard - 233 - Oct/17/23
Mr. Arpan Khanna
  • Oct/17/23 1:20:25 p.m.
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Madam Speaker, I agree that because of the Liberal-NDP government's mismanagement, we have seen a crisis in housing. New Canadians, who come to this country with a dream of home ownership, are seeing their dreams fade away. We are seeing record numbers at food banks. We had 1.5 million Canadians going to a food bank in one single month. When I talk to local food banks, they tell me the same thing: When they saw interest rates go up, they saw an increase in local food bank use as well. It is our job to keep fighting for the most vulnerable. We have to get our fiscal house in order. We cannot spend something we do not have. We do not run our households on our credit cards, and we should not run the government that way either.
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Context: House Hansard - 233 - Oct/17/23
Ms. Rachel Bendayan (Parliamentary Secretary to the Deputy Prime Minister and Minister of Finance, Lib.)
  • Oct/17/23 2:38:51 p.m.
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Mr. Speaker, I appreciate the questions coming from the Conservatives, but I wonder if they are keeping up with the announcements made by our government. About an hour ago, we announced new measures that will help reduce costly banking fees, which Canadians have told us are a very real irritant for them. This is real support for Canadians. We are going to enhance low-cost and no-cost chequing accounts for Canadians. We are going to make sure that Canadians get repayment relief from their banks. We are acting every single day in the interests of Canadians in order to help them meet the moment. Where are the Conservatives? They are nowhere.
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