SoVote

Decentralized Democracy

Tracy Gray

  • Member of Parliament
  • Member of Parliament
  • Conservative
  • Kelowna—Lake Country
  • British Columbia
  • Voting Attendance: 68%
  • Expenses Last Quarter: $131,412.70

  • Government Page
  • 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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  • 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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  • 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 3:01:53 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/8/24 2:43:36 p.m.
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Mr. Speaker, it is shocking that the average Canadian family must now spend 63.5% of their total pre-tax household income in order to afford a mortgage for the typical home in Canada. It is even worse in British Columbia, where that is 106%. One hundred per cent is someone's entire income. No wonder families are in a financial crisis, where they can barely afford to live or feed themselves. This is after eight years of the NDP-Liberal government. Will the Prime Minister actually build the homes, not bureaucracy and photo ops, in his budget?
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  • Nov/23/23 10:48:51 p.m.
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Mr. Speaker, when looking at this legislation and looking at the title, we know that here in Canada, inflation is still high and has been high for a long time and that inflation is the cause of high interest rates, which is then causing high mortgage payments. When we look at the title of this particular legislation, one would think that it would actually, truly be affecting affordability for Canadians, which is the cost of everything that they are buying and then also their mortgage costs. I am wondering if the member can speak to whether this legislation will actually be affecting inflation, the cause of inflation and also the cause of interest rates.
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  • Oct/16/23 2:49:57 p.m.
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Mr. Speaker, this is from the same government that declared victory on inflation only to see it skyrocket. James from Langley, B.C. told Global News that he and his husband were selling his home as a result of their mortgage payments and were returning to the rental market. Mortgage defaults are climbing, with forced sales events up 10%, as just reported by the Toronto real estate board. After eight years with this NDP-Liberal government, people are being forced to sell their homes. The Prime Minister is just not worth the cost. Will the Prime Minister finally stop his inflationary spending so Canadians can keep a roof over their head?
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  • Sep/29/23 11:39:53 a.m.
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Madam Speaker, the OECD says that, in the G7, Canada has the biggest gap between housing prices and wages. The finance minister said that her plan to bring down inflation is working, yet it has soared to 4%. Mortgage interest costs have also soared now to 31%. It is no wonder Mortgage Professionals Canada's recent survey showed that 48% of young people say they have given up on ever owning a home. The NDP-Liberal government's spending is driving up inflation, which is driving up interest rates, which is driving up mortgage interest costs. Will the Prime Minister finally stop his inflationary spending so Canadians can keep a roof over their head?
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  • Sep/21/23 2:43:45 p.m.
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Mr. Speaker, a couple from Langley, British Columbia, who were interviewed said their mortgage payments went up $2,700 a month to $6,300 a month. Now the Liberal finance minister is trying to convince Canadians that her plan to bring down inflation is working. It is not. It just went up again. After eight years, the NDP-Liberal government's spending has driven up inflation, which has driven up mortgage interest costs by 31%. The Prime Minister is just not worth the cost. When will the Prime Minister stop his inflationary deficit spending so Canadians can keep a roof over their heads?
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