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Decentralized Democracy

House Hansard - 302

44th Parl. 1st Sess.
April 18, 2024 10:00AM
Context: House Hansard - 302 - Apr/18/24
Mr. Adam Chambers
  • Apr/18/24 5:14:13 p.m.
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Madam Speaker, I was surprised to see this in the budget as well, but I must admit that I am not an expert in how those kinds of mortgages work. All Canadians would like to believe that Canadians should have access to financial products. I am interested to see how the government is going to consult on this. I do not know what is being proposed. I think we should learn a bit more. I would tell my wonderful colleague that the government is creating dual classes of mortgage borrowers with respect to those insured and uninsured on mortgage renewals. The government is allowing insured mortgage holders to shop around for a renewal but not allowing uninsured mortgage holders to shop for a better rate on renewal without doing the stress test, and that is unfair.
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