- Member of Parliament
- Leader of the Conservative Party of Canada
Leader of the Opposition
- Conservative
- Carleton
- Ontario
- Voting Attendance: 63%
- Expenses Last Quarter: $61,288.13
- Government Page
- Jun/5/24 2:31:28 p.m.
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Mr. Speaker, interest rates remain 20 times higher than they were when the member promised they would go down. Remember when she said that the big risk was deflation and low rates? She was exactly wrong then, and she is even more wrong now.
Six years ago, I said there was a carbon tax cover-up. The government would not reveal the true cost of its carbon tax. Then the government published information claiming everyone was better off. Now we find out that there is a secret report showing that, with the economic costs considered, the vast majority of Canadians are paying more.
Will the government end the gag order, stop the carbon tax cover-up and release the report?
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- May/27/24 2:21:45 p.m.
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Mr. Speaker, after nine years, the NDP-Liberal Prime Minister is not worth the cost of mortgages, 76% of which will become more expensive over the next three years, according to the federal banking regulator, OSFI. This, after the Prime Minister said rates would stay low for long. We know that his massive government deficits have driven rates up two percentage points higher than they otherwise would be, according to Scotiabank.
Will he accept my common-sense, dollar-for-dollar plan to cap spending and cut waste to bring down interest rates so Canadians can keep their homes?
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- May/21/24 2:29:16 p.m.
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Mr. Speaker, the minister does not even know that the target is 2%. Maybe that is one of the reasons she is missing the target; she does not know what it is.
The same goes for the interest rates we are paying on the national debt. The Prime Minister says that doubling the national debt is not a problem because the rates were very low. That is why I suggested locking in the rates with 10-year or 30-year bonds, when the rates were low, as it is done with mortgages.
That incompetent minister did not do that. Now we are going to pay more interest on the $400 billion that is going to be refinanced this year.
Why?
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- May/1/24 3:09:12 p.m.
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Mr. Speaker, families are already living in austerity. The government is living in abundance. The people are poor, the government is rich. The more the government spends, the more Canadians pay. Interest rates are high, and the government's spending and borrowing are driving them even higher.
Have finance department officials briefed the Prime Minister on how much higher borrowing an additional $300 billion will drive up interest rates on families' mortgages?
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- Apr/10/24 2:25:09 p.m.
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Mr. Speaker, I will never apologize for keeping housing costs low when I was the minister of housing, but if someone was hoping for some interest rate relief today, as a mortgage holder or as someone with a small business loan or a line of credit, they got some bad news: The Prime Minister is not worth the cost. Rates are staying high long because, as the Governor of the Bank of Canada said, if government spending grows, then interest rates will have to stay high to combat the resulting inflation.
Why will the Prime Minister not accept my common-sense plan to fix the budget with a dollar-for-dollar law to bring down rates?
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- Apr/10/24 2:23:51 p.m.
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Mr. Speaker, when I was minister, the cost of housing was half of what it is today, and hundreds of thousands of housing units were being built with low interest rates. Today we learned that the Bank of Canada will not be lowering interest rates. Why is that? The Bank of Canada Governor said that if the government spends too much, the bank will be forced to keep interest rates high, which will force people into bankruptcy.
Will the Prime Minister accept my common-sense plan to fix the budget with a dollar-for-dollar rule to bring down interest rates?
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- Oct/23/23 2:23:12 p.m.
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Mr. Speaker, after eight years, the Prime Minister is not worth the cost of housing, which has doubled. We now see there has been a 63% increase in the number of Canadians who are going to alternative lenders to get mortgages because they can no longer get approved by the main banks. That means interest rates as high as 15% per year. We have not seen those types of rates since the last Trudeau was in power.
Will the Prime Minister reverse his inflationary spending in the upcoming fall economic update so we can bring down interest rates and our Canadian people can keep their homes?
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- Oct/17/23 2:26:16 p.m.
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Mr. Speaker, the middle-class shipyard worker paying $7,500 a month on his mortgage is living austerity now. What the Prime Minister is talking about is abundance for the government and austerity for working class people, who must carry him and his overpriced bureaucracy around on their backs.
That gentleman has three kids, in their adolescence, to raise, paying for their sports while keeping a roof overhead. How does the Prime Minister expect them to pay $7,500 a month to fund his overpriced interest rates that result from his deficits?
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- Oct/17/23 2:21:44 p.m.
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Mr. Speaker, after eight years, eight long years, this Prime Minister is not worth the cost of mortgages. The cost of housing has increased by 100% since he took office. He printed $600 billion, which inflated real estate prices and forced people to take out large mortgages. Then, his deficits drove up interest rates.
When will he reverse his inflationary policies to lower interest rates and allow Canadians to keep their homes?
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- Sep/18/23 2:29:41 p.m.
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Mr. Speaker, there is no well-being for people living in tents.
After eight years under this Prime Minister, the cost of housing has doubled. Interest rates are rising faster than at any other time in our country's economic history. Even former Liberal finance minister John Manley said that the Prime Minister's inflationary deficits are behind the rising interest rates, which are preventing people from building and buying homes.
Will the Prime Minister finally get rid of the inflationary deficits that are causing interest rates to go up and keep his promise to balance the budget?
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- Jun/21/23 3:01:00 p.m.
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Mr. Speaker, after eight years of the Prime Minister, it now takes well over 60% of a family's pre-tax income to make monthly payments on an average house. That is mathematically impossible, but it is possibly about to get worse.
The Prime Minister's inflationary deficits are driving up interest rates faster than at any time since any of us have been alive. This means that Canadians could face 40% increases in their monthly payments. There may be another bank rate increase this summer that could push Canadians to bankruptcy.
Before Canadians lose their homes, will he get rid of his inflationary deficits to bring down those terrible mortgage rates?
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- Jun/7/23 2:29:33 p.m.
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Mr. Speaker, a sucker punch is what Canadians received from the Prime Minister. He promised them low interest rates for a long time. He said that debt was without consequence and that the budget would balance itself. None of those things came true, and interest rates are now 19 times higher than they were a year ago.
The Governor of the Bank of Canada, the former Liberal finance minister and countless other experts agree that the Prime Minister's deficits are ballooning inflation and, therefore, interest rates.
Families have to plan their finances. Will the Prime Minister indicate by how much the average family will see monthly mortgage payments go up over the next three years?
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- Jun/7/23 2:26:46 p.m.
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Mr. Speaker, today, we are seeing yet another human tragedy unfold because of the huge, unexpected interest rate hike, which is going to force Canadians to either sell their homes or default on their payments.
The Prime Minister promised that interest rates would stay low for a long time. However, his spending fuelled inflation, forcing the Bank of Canada to raise interest rates.
How much will the average family see their monthly mortgage payments go up by over the next three years?
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- May/31/23 3:16:49 p.m.
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Mr. Speaker, he delivers only for himself. We are not growing. Under the Prime Minister, we have the slowest per capita GDP growth of any government since the Great Depression. Under eight years of the Prime Minister, housing costs have doubled, 1.5 million people are eating from food banks and one in five is skipping meals because they cannot afford food. Now, interest rates, which his government said would stay low for long, are skyrocketing because of his deficits.
How much have interest rates had to go up to accommodate his $60 billion in new deficits?
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- Feb/2/23 2:19:07 p.m.
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Mr. Speaker, eight years of this government's inflationary policies have driven the average monthly mortgage cost up from $1,500 to over $3,000. It has doubled. Rental rates have gone up almost as much. Inflationary policies are driving prices up across the board along with interest rates.
Will the Prime Minister finally take responsibility for doubling the cost of a house?
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- Dec/7/22 2:23:50 p.m.
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Mr. Speaker, Canadians were hit with another interest rate uppercut today as inflationary deficits by the Liberal government are driving up inflation and interest rates. The Governor of the Bank of Canada has even said these deficits are driving the higher cost. One mother told the CBC that she signed into a 1.9%, variable rate mortgage because she believed the government when it said that the rates would be low for long. She now says, “I should punch myself on that decision. Why did I listen to all these people?”
How is this mother going to pay the extra $1,000 a month in mortgage payments they are putting on her back?
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- Dec/7/22 2:22:29 p.m.
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Mr. Speaker, Canadians were hit with yet another interest rate hike today. The Bank of Canada imposed that hike, but it had to do so because of this government's inflationary deficits. Even the Governor of the Bank of Canada indicated that the deficits are increasing inflation, which in turn leads to higher interest rates.
For a family that bought an average house with an average mortgage, that is $7,000 more in interest a year. That is impossible. The more the government spends, the more Canadians pay.
When will the Liberals stop making Canadians pay?
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