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House Hansard - 268

44th Parl. 1st Sess.
December 14, 2023 10:00AM
Context: House Hansard - 268 - Dec/14/23
Mr. Pat Kelly
  • Dec/14/23 6:51:26 p.m.
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Madam Speaker, the parliamentary secretary still has not answered my question. When are the Liberals going to rein in the spending, rein in their deficits and get inflation under control so that interest rates can come down and Canadians can get on with living their lives and not have to deal with the catastrophic effects of the inflationary and high-interest-rate environment that they have created? People's payments, in some cases, are doubling. It is normal now for a maturing mortgage to add $700, $800 or more a month to people's payments. They cannot afford it. They cannot afford to keep the homes they are in. I did not hear an answer to my question. I heard him tick off a couple of announcements of funding and openings, but that comes amid the need for millions of new housing construction in the years to come. The answer I got is not going to cut it for the needs of Canadian housing and certainly will give no relief to existing Canadian mortgage holders, which is the substance of the question that I had asked.
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