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Decentralized Democracy

House Hansard - 234

44th Parl. 1st Sess.
October 18, 2023 02:00PM
Context: House Hansard - 234 - Oct/18/23
Mr. Kyle Seeback (Dufferin—Caledon, CPC)
  • Oct/18/23 3:00:41 p.m.
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Mr. Speaker, the Prime Minister promised that interest rates were going to remain low and Canadians believed him, so they went out, bought homes and took out mortgages, but after eight years of Liberal inflationary deficits, interest rates are at a 30-year high, and many Canadian families are now finding that they cannot pay their mortgage. In fact, the Business Council of Canada just said that governments cannot permanently run deficits without fear. Will the finance minister stop running her inflationary deficits so that interest rates will come down and Canadian families will not lose their homes?
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Context: House Hansard - 234 - Oct/18/23
Mr. Pierre Paul-Hus (Charlesbourg—Haute-Saint-Charles, CPC)
  • Oct/18/23 3:03:33 p.m.
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Mr. Speaker, there is going to be a wave of mortgage renewals in the coming months. The Royal Bank of Canada, for one, will be renewing 41% of its mortgages. Non-stop interest rate hikes will make that difficult. Inflation is driving mortgage costs up by 30% every month. After eight years of the Prime Minister, everything is broken. Can he explain to people how they are supposed to pay their mortgage and not end up homeless?
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