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Kyle Seeback

Member of Parliament
Member of Parliament
Conservative

Dufferin—Caledon
Ontario
Voting Attendance: 64%
Expenses Last Quarter: $136,309.03

Government Page

Context: House Hansard - 243 - Oct/31/23

Mr. Kyle Seeback (Dufferin—Caledon, CPC)

Oct/31/23 6:45:54 p.m.
Watch

Mr. Speaker, the last time I was here, I asked a question about housing, talking about the Liberal government's absolutely abysmal record on housing. When one looks at the problem with housing, what one sees is that there are actually two elements. There is the building of units, and we know that building starts are down. They have announcements where they say they are going to build something, but no one can actually live in an announcement. What they actually do at these announcements is find homes that are already going to be built and say that they will partner with the municipality and that the municipality will get a little extra money if it says they somehow contributed. Their building homes strategy is a big nothing burger. It is an absolute failure. Let us look at cost because cost is the other part that is making housing so unaffordable. We know that housing prices have doubled under the government, but let us look at interest rates. We know that interest rates are sky-high. The Governor of the Bank of Canada has said, many times, that the government's inflationary spending is like putting the foot on the gas pedal, as the Governor of the Bank of Canada tries to ease inflation by raising interest rates. Interest rates are at absolute highs and this has tragic consequences for builders; they cannot build the units because interest rates are so high. It makes the cost of building them even higher. It drives up the cost of building and makes it even less affordable for Canadians to buy them. Let me just give one little example. Right now, we have $186 billion worth of mortgages coming up for renewal in 2024. Let us say that one had a $600,000 mortgage coming up for renewal and an interest rate of 3%, which was not a great interest rate up until recently but is a very good rate compared to now. On a $600,000 mortgage, one's monthly payment until now would have been $2,500. Today, it is almost $4,000. That is a $1,500-a-month increase. These are the kinds of things that are crushing Canadians. This Liberal government has done the impossible on incompetence. If one does not have a home, one cannot afford a home because the cost of a home has doubled. If one is renting or looking to rent, one cannot afford that either, because rent has doubled. If one has a home and one works so hard to save and actually have a home, when one's mortgage comes up for renewal, one cannot afford to keep one's home. This government has somehow had the amazing incompetence to do two things: make it impossible for young buyers to buy a home and make it virtually impossible for people who have a home to keep the home. This is stunning incompetence on housing. What makes it worse is that household debt in Canada is the highest in the G7. Remember that the Prime Minister said that they were taking on borrowing money so that Canadians did not have to? Well, they have had to because their inflationary spending has driven up interest rates so high that Canadians now have to borrow just to survive. The most frightening stat I have seen just came out: 31% of Canadian households are having to find extra income just to make ends meet. Look at what is going on in this country after eight years of this absolutely incompetent Liberal government. One cannot buy a home. One cannot keep one's home. One cannot make ends meet. People are actually having to take on side hustles to pay the bills. This is the catastrophic record of a tired, corrupt Liberal government after eight years. I do not have time to get into the corruption. That would be an entire other late show, but let me say that housing and affordability is a disaster. The government is responsible. Why does it not, instead of puffing up its chest and saying what a great job it has done, just apologize to Canadians for the mess it has made?

701 words

Context: House Hansard - 234 - Oct/18/23

Mr. Kyle Seeback (Dufferin—Caledon, CPC)

Oct/18/23 3:00:41 p.m.
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Mr. Speaker, the Prime Minister promised that interest rates were going to remain low and Canadians believed him, so they went out, bought homes and took out mortgages, but after eight years of Liberal inflationary deficits, interest rates are at a 30-year high, and many Canadian families are now finding that they cannot pay their mortgage. In fact, the Business Council of Canada just said that governments cannot permanently run deficits without fear. Will the finance minister stop running her inflationary deficits so that interest rates will come down and Canadian families will not lose their homes?

98 words

Context: House Hansard - 207 - Jun/6/23

Mr. Kyle Seeback (Dufferin—Caledon, CPC)

Jun/6/23 2:18:05 p.m.
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Mr. Speaker, Liberal inflation is crushing Canadians. One in five Canadians is skipping meals, and food bank usage is skyrocketing. What is the Liberal government's response? It is a massive $60-billion inflationary budget deficit and carbon tax 2. We all know the sequel is way worse than the original. Carbon tax 2 will add 61¢ a litre in tax to gas, making everything more expensive. Even Liberals are shaking their heads, and not just random former Liberals this time. Former finance minister John Manley has said that Liberal spending is making it harder to control inflation, and things are getting worse. The Bank of Canada is now signalling another interest rate hike. Canadians, do not lose hope. The Conservatives are going to fight this budget until the Liberals agree to a plan to balance the budget. If they do not, maybe it is time to give them the boot.

152 words

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Member of Parliament

Kyle Seeback