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Decentralized Democracy

House Hansard - 251

44th Parl. 1st Sess.
November 20, 2023 11:00AM
Context: House Hansard - 251 - Nov/20/23
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Nov/20/23 2:21:49 p.m.
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Mr. Speaker, after eight years, this Prime Minister is not worth the cost of mortgages. According to the Parliamentary Budget Officer and the Governor of the Bank of Canada, I am right to say that this Prime Minister's deficits are contributing to inflation and interest rates. According to Scotia Bank, these deficits are increasing interest rates by 2%. That means a $700-increase to monthly mortgage payments. Before Canadians lose their homes, will the Prime Minister finally accept my common sense plan and announce a date and plan for balancing the budget, reducing inflation and mortgage rates?
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Context: House Hansard - 251 - Nov/20/23
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Nov/20/23 2:23:05 p.m.
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Mr. Speaker, after eight years, the Prime Minister is not worth the cost of mortgage payments, which are already up 150%. The Bank of Canada and the Parliamentary Budget Officer now agree with me that his deficits are driving up interest rates. Scotiabank says that deficits are driving mortgage rates up 2%. That works out to $700 per month. Carpenters and nurses are already living in their cars, and the IMF says that Canada's mortgage holders are the most at risk of crisis. Will the Prime Minister finally accept my common-sense plan and announce the date and the plan to balance the budget and bring down interest rates on Canadian mortgages so people do not lose their homes?
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Context: House Hansard - 251 - Nov/20/23
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Nov/20/23 2:24:39 p.m.
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Mr. Speaker, the Prime Minister's plan is to increase mortgage payments by 150%, which he has already done. Now, Scotiabank says that government deficits have added two percentage points to interest rates. That works out to $700 a month, or $8,400 a year, in higher mortgage payments linked directly to deficits, including the massive deficits by the government. A year ago, the government promised a balanced budget. It broke the promise six months later. Will it come back tomorrow with a plan to balance the budget so we can bring down interest rates and inflation so Canadians can keep their homes?
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Context: House Hansard - 251 - Nov/20/23
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Nov/20/23 2:26:10 p.m.
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Mr. Speaker, when I was housing minister, mortgage payments were less than half of what they are now, and rent was less than half of what it is now. Those are the hard realities, and now the Prime Minister's plan is to quadruple the carbon tax. That would increase the cost of gas, heat, groceries and, yes, even housing, because it takes trucks to ship building materials. We know that we will have a carbon tax election to decide whether we axe the tax, as I choose, or whether we hike it, as he promises. Can we accept a Canadian compromise and at least freeze the tax in the meantime, yes or no?
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Context: House Hansard - 251 - Nov/20/23
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Nov/20/23 2:27:36 p.m.
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Mr. Speaker, the minister should stick to photo ops, because comedy is surely not his thing, and neither are numbers. Everything the Prime Minister has said about the Stellantis subsidy has proven false. It is billions of dollars over budget before shovels are in the ground, and years behind payback, even before the project begins. He claimed that it was going to create jobs for Canadians, but we have now learned that at least 1,500, a majority, of the jobs are going to go to temporary foreign workers. Will the Prime Minister release the contract now so we can find out how much Canadian taxpayers are going to have to spend to give paycheques to South Korean workers?
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