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House Hansard - 253

44th Parl. 1st Sess.
November 22, 2023 02:00PM
Context: House Hansard - 253 - Nov/22/23
Mr. Shuvaloy Majumdar (Calgary Heritage, CPC)
  • Nov/22/23 2:09:10 p.m.
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Mr. Speaker, Canadians renewing their mortgages at today's rates will see an increase from 2% to 6% or higher. The IMF warns that Canada is the most at risk among G7 countries for a mortgage default crisis. What do we get? We get $20 billion in new inflationary spending. The Liberals have decided again to spend on the backs of Canadians, keeping inflation and interest rates high. They risk a mortgage meltdown on $900 billion of mortgages renewing over the next three years. They continue to attack $3 trillion of resources that would fuel, feed and secure the world; that would end dollars for dictators; and that would bring powerful paycheques to our people. After eight long years, when Canadians get the carbon tax election they have been longing for, common-sense Conservatives will axe the tax, balance the budget, deliver real leadership and end the NDP-Liberal gravy train.
151 words
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