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Decentralized Democracy

House Hansard - 267

44th Parl. 1st Sess.
December 13, 2023 02:00PM
Context: House Hansard - 267 - Dec/13/23
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Dec/13/23 3:11:40 p.m.
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Mr. Speaker, Maclean's magazine reports, “Two jobs, no money: How mortgage rates have pushed one Toronto father to the brink”. Two years into their mortgage, their biweekly payments have reached $2,268, now paying more than $5,000 a month to live in a 900-square foot townhouse, and $3,500 of that goes to interest. All of his spending programs have doubled the cost of housing and, according to the Bank of Nova Scotia, have boosted interest rates another 2%. Will he realize the damage he is doing in causing Canadians unsupportable, unsustainable mortgage payments?
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