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Decentralized Democracy

House Hansard - 313

44th Parl. 1st Sess.
May 10, 2024 10:00AM
Context: House Hansard - 313 - May/10/24
Hon. Kerry-Lynne Findlay (South Surrey—White Rock, CPC)
  • May/10/24 11:21:01 a.m.
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Madam Speaker, I am listening to the Parliamentary Budget Officer, who says the exact opposite of what that member just said. Inflationary budgets destroy the working class with high interest rates. After nine years, mortgages, down payments and rents have all doubled, and 90% of young Canadians are stuck in housing hell with their dreams of home ownership shattered. Those who do own fear they cannot qualify for renewal. Mortgage delinquencies are up 50% overall, 135% in Ontario and 62% in B.C. This—
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Context: House Hansard - 313 - May/10/24
Mr. Pierre Paul-Hus (Charlesbourg—Haute-Saint-Charles, CPC)
  • May/10/24 11:22:20 a.m.
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Madam Speaker, the Governor of the Bank of Canada has repeatedly confirmed that the Prime Minister's spending is keeping interest rates high. Many mortgage holders will face large increases in their payments as their loans come up for renewal over the next two years. That is the direct result of this Prime Minister's $500 billion in centralizing, inflationary spending, backed by the Bloc Québécois. When will the Prime Minister and the Bloc Québécois stop their out-of-control spending and give Quebeckers a break?
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Context: House Hansard - 313 - May/10/24
Mrs. Tracy Gray (Kelowna—Lake Country, CPC)
  • May/10/24 11:32:13 a.m.
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Madam Speaker, after nine years of the NDP-Liberal government, deficit spending caused skyrocketing inflation, which caused higher interest rates, which are causing higher mortgage payments. The Bank of Canada confirmed that the Prime Minister's wasteful spending is keeping interest rates higher for longer. Now the Bank of Canada is warning, when compared with origination, that the median mortgage payment will rise more than 20% in 2025 and 30% in 2026. Families cannot afford this. Will the government stop its deficit spending so families can keep their homes?
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Context: House Hansard - 313 - May/10/24
Mrs. Tracy Gray (Kelowna—Lake Country, CPC)
  • May/10/24 11:33:23 a.m.
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Madam Speaker, after nine years, the Prime Minister is just not worth the cost. For families with variable rate mortgages with fixed payments, it is even worse. Median mortgage payments will increase 60% by 2026. Working-class paycheques have been shredded by the NDP-Liberal government. Common-sense Conservatives will bring in a dollar-for-dollar law to find a dollar of savings for every new dollar spent. This is how families run their households. Can the minister explain how Canadian families are supposed to come up with hundreds or thousands of dollars more a month just to keep their homes?
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