SoVote

Decentralized Democracy

House Hansard - 252

44th Parl. 1st Sess.
November 21, 2023 10:00AM
Context: House Hansard - 252 - Nov/21/23
Mrs. Rachael Thomas (Lethbridge, CPC)
  • Nov/21/23 2:46:32 p.m.
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Mr. Speaker, the Prime Minister promised to make housing more affordable for Canadians, but we know that was not totally true. After eight years of the Liberal government, rent has doubled, housing prices have skyrocketed, doubling as well, and mortgage payments have gone through the roof. In fact, today, Scotiabank confirmed that mortgage rates have increased by 2% just due to the government's overspending. With no other factors considered, just the government's overspending, mortgage rates have gone up by 2%, which means, on average, $700 a month extra on a family's mortgage. When will the government do the responsible thing and rein in its spending so that Canadians can afford to put a roof over their heads?
120 words
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Context: House Hansard - 252 - Nov/21/23
Mrs. Rachael Thomas (Lethbridge, CPC)
  • Nov/21/23 2:47:52 p.m.
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Mr. Speaker, I am not sure what Liberal report the hon. member is reading from, but the statistic is that fewer homes are being built and investment in the market is down by 14% for new construction. That is a fact. Added to that, rent is doubling for Canadians, mortgages are skyrocketing and housing prices have also doubled. Canadians cannot afford to house themselves. Their mortgage rates are up by an average of $700 a month, and that is only due to the government's overspending. Just due to its overspending alone, with no other factors considered, mortgage rates are up $700 a month. When will the government rein it in, do the responsible thing and allow Canadians to afford a roof over the heads?
125 words
  • Hear!
  • Rabble!
  • star_border