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Decentralized Democracy

House Hansard - 237

44th Parl. 1st Sess.
October 23, 2023 11:00AM
  • Oct/23/23 2:19:47 p.m.
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Mr. Speaker, after eight years, this Prime Minister is not worth the cost. The cost of housing has doubled since he took office. The CMHC said that there has been a 63% increase in the number of Canadians who are using alternative loans. They pay as much as 15% per year for these alternative mortgages. Will the Prime Minister finally bring down his inflationary deficits to allow the Bank of Canada to lower interest rates so that Canadians can keep their homes?
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  • Oct/23/23 2:21:13 p.m.
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Mr. Speaker, Canadians are already living with austerity. They keep chop, chop, chopping at the grocery store, at the gas station and now at home. We are seeing the rise of a new phenomenon of homelessness among middle-class seniors ever since the cost of housing doubled. One man in Calgary had his rent raised by $1,600. Now he is unable to find an apartment to rent. Will the government finally reverse its inflationary policies to allow for lower interest rates so that our seniors can keep their homes?
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  • Oct/23/23 2:23:12 p.m.
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Mr. Speaker, after eight years, the Prime Minister is not worth the cost of housing, which has doubled. We now see there has been a 63% increase in the number of Canadians who are going to alternative lenders to get mortgages because they can no longer get approved by the main banks. That means interest rates as high as 15% per year. We have not seen those types of rates since the last Trudeau was in power. Will the Prime Minister reverse his inflationary spending in the upcoming fall economic update so we can bring down interest rates and our Canadian people can keep their homes?
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  • Oct/23/23 2:23:59 p.m.
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Mr. Speaker, he is absolutely right that he has a problem, a problem that he and his government created. After eight years, the Prime Minister has doubled rent and doubled mortgage payments, and now his plan is a $4-billion program that two years in has not built a single, solitary home. He also wants to target tax benefits for the construction of $10-million penthouse apartments. Will the Liberals instead reverse their inflationary spending so we can bring down interest rates and let Canadians keep their homes?
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  • Oct/23/23 2:25:19 p.m.
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Mr. Speaker, after eight years, the national housing strategy of which he speaks has doubled housing costs. It doubled the cost of mortgages, rent and down payments. Yes, it cost many billions more than what we spent when we were in government, but we delivered housing that was half the cost of what it is today. Now, on to restaurants: Today, we learned that one-third of restaurants are losing money. That leaves them three choices: shut down, cut wages or raise prices for Canadians. Will the government reverse the carbon taxes and the inflationary increases to interest rates that are forcing our restaurants to go under and costing waitresses and servers their jobs?
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