44th Parl. 1st Sess.
April 15, 2024 11:00AM
- Apr/15/24 2:10:59 p.m.
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Mr. Speaker, it is as if the Prime Minister has forgotten that he has been in power for almost nine years and that he and his policies, all of them, are the direct cause of the housing and mortgage crisis Canadians are facing.
The way he has been parading around the country, blaming everyone else but him for the housing hell reminds me of that old Shaggy song, It Wasn't Me. Well, it was him who was caught red-handed promising to lower the price of housing, rents and mortgages in Canada that have doubled in nine years, pushing middle-class Canadians to live in tent cities in nearly every city.
Last week, CMHC confirmed that it has been him causing less affordable housing and higher rents because fewer homes are being built than we did in the 1970s. Worst of all, it is him who has dealt a devastating blow to young Canadians hoping to enter the housing market, young people who feel like they have been lied to and let down by the Prime Minister.
The Prime Minister has a chance to axe the tax in tomorrow's budget to make life more affordable for Canadians. The question is: Will he, or will he continue to blame others for the problems he has caused and say, “It wasn't me”, because Canadians know it is the Prime Minister?
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- Apr/15/24 2:21:33 p.m.
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Mr. Speaker, common-sense Conservatives will axe the tax, build the homes, fix the budget and stop the crime. This Prime Minister is not worth the cost of interest.
According to Scotiabank, the Prime Minister's deficits are adding two full percentage points extra in interest costs for the average family. That works out to about $6,000 for a modest mortgage of $300,000. That is six grand in extra mortgage payments from these deficits alone. Will they finally wake up to the fact that this NDP-Liberal Prime Minister is not worth the cost?
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- Apr/15/24 2:22:51 p.m.
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Mr. Speaker, we cannot see the value of homes and food that do not exist after eight years. The Liberals have a food program that, after eight years, has no food, and an affordable housing program that has doubled housing costs. They are not worth the cost, and now their deficits are driving up the interest obligations for the average family. For a family with a $500,000 mortgage, deficits are adding 10 grand in additional interest payments per year. When will they realize that, after eight years, this NDP-Liberal Prime Minister is not worth the cost?
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- Apr/15/24 2:23:33 p.m.
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Mr. Speaker, if the Leader of the Opposition wants to talk about homes that do not exist, perhaps we should look at the 800,000 affordable housing units that were lost while he was housing minister. Perhaps we should examine the fact that, while he was minister, zero new apartments were supported by the federal government and a total of only six affordable housing units were built nationwide.
Now, he likes to talk a big game, but let us look at the plan he is putting on the table. He wants to raise taxes on home construction and cut funding for the cities that are making it easier to build homes.
We have advanced programs that are going not just to build more homes but to allow people to save up more money for their down payment and reduce their monthly mortgage costs when they go to enter the housing market for the first time.
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- Apr/15/24 2:24:45 p.m.
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Mr. Speaker, the hon. member wants to talk about homes that do not exist. Let us talk about the 800,000 affordable housing units that were lost when he was last in government. Let us talk about the fact that when he was actually housing minister, he got zero apartments built with the support of the federal government. Let us look at the fact that across the entire country, he was able to get a total of only six affordable housing units built.
He talks a big game, but he does literally nothing for people who need to get into the housing market. We have new measures that help people who are renting now and measures that will make it easier for people to save up for a down payment and reduce their monthly mortgage costs if they want to own a home in this country.
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- Apr/15/24 3:01:53 p.m.
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Mr. Speaker, after eight years of the NDP-Liberal Prime Minister, life has gotten worse for Canadians, with higher taxes and higher mortgage payments. The Liberals' wasteful deficit spending left interest rates at 5%, hurting families with mortgages coming up for renewal, and banks are putting more money away for possible mortgage defaults. Now, this means people losing their homes—
Some hon members: Oh, oh!
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- Apr/15/24 3:02:35 p.m.
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Mr. Speaker, after eight years of the NDP-Liberal Prime Minister, life has gotten worse for Canadians, with higher taxes and higher mortgage payments. The Liberals' wasteful deficit spending left interest rates at 5%, hurting families with mortgages coming up for renewal. The banks are putting more money away for possible mortgage defaults, and this means more people losing their homes. We are hearing of people no longer meeting mortgage stress tests and having to sell their home, forcing them to rent and to pay rent that is more than their actual mortgage payments.
Will the NDP-Liberal Prime Minister reverse his eight years of deficit spending and implement a one-for-one rule so that people can keep their homes?
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- Apr/15/24 3:05:22 p.m.
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Mr. Speaker, after eight years under this Liberal government, access to home ownership has become extremely difficult. With mortgage rates rising by 52% to 95.2% in some regions of Quebec, it has become almost impossible for young people to take out a mortgage.
This Prime Minister is far too costly and is definitely not worth the cost of mortgage payments.
Will the Prime Minister listen to the millions of Canadians who are struggling and rein in his inflationary policies once and for all?
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