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Decentralized Democracy

House Hansard - 13

44th Parl. 1st Sess.
December 8, 2021 02:00PM
Context: House Hansard - 13 - Dec/8/21
Hon. Pierre Poilievre
  • Dec/8/21 7:56:04 p.m.
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Mr. Chair, what is the inflation rate for the price of land in the last year?
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Hon. Randy Boissonnault
  • Dec/8/21 7:56:10 p.m.
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Mr. Chair, I am glad to talk about inflation, because we know that it is a global phenomenon.
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Hon. Pierre Poilievre
  • Dec/8/21 7:56:15 p.m.
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Mr. Chair, land prices are a global phenomenon. Does the minister realize that the land we have here does not come from the rest of the globe? It is already here.
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Hon. Randy Boissonnault
  • Dec/8/21 7:56:29 p.m.
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Mr. Chair, I think members can read Hansard, as the hon. colleague can. I said very clearly that inflation is a global phenomenon.
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Hon. Pierre Poilievre
  • Dec/8/21 7:56:37 p.m.
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Mr. Chair, “land-flation”. How much?
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Hon. Randy Boissonnault
  • Dec/8/21 7:56:40 p.m.
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Mr. Chair, our inflation is in line with peer countries around the world. In fact, we are doing much better than the United States, Mexico and countries in the eurozone.
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Hon. Pierre Poilievre
  • Dec/8/21 7:56:47 p.m.
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Mr. Chair, the question was about land price inflation. How much have land prices inflated in the last year?
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Hon. Randy Boissonnault
  • Dec/8/21 7:56:54 p.m.
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Mr. Chair, land price is part of the basket of goods in inflation. Our inflation is in line with peer countries.
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Hon. Pierre Poilievre
  • Dec/8/21 7:57:00 p.m.
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Mr. Chair, he is allowed to say that he does not know.
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Hon. Randy Boissonnault
  • Dec/8/21 7:57:03 p.m.
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Mr. Chair, we are focused on affordability, and that is what matters.
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Hon. Pierre Poilievre
  • Dec/8/21 7:57:22 p.m.
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Mr. Chair, there is no affordability to focus on. How much have house prices risen in the last year?
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Hon. Randy Boissonnault
  • Dec/8/21 7:57:33 p.m.
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Mr. Chair, let me say that the unemployment rate had more than doubled in May 2020, from a pre-pandemic level of 5%. We are now at 6%.
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Hon. Pierre Poilievre
  • Dec/8/21 7:57:48 p.m.
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Mr. Chair, the question was this. How much have house prices inflated in the last year?
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Hon. Randy Boissonnault
  • Dec/8/21 7:58:24 p.m.
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Mr. Chair, I think it is important for the hon. member across the way to understand that our government helped nine million Canadians who lost their job through the CERB.
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Hon. Pierre Poilievre
  • Dec/8/21 7:58:49 p.m.
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Mr. Chair, the Liberals hand the minister a speech that a bureaucrat wrote for him and he stays glued to it. Why do we not just elect a robot to read off these speeches that are written by bureaucrats in the finance department? That robot at least would stick more tightly to the script than he has. If he does not actually have any answers to the factual questions, is it possible that he could be replaced with a robot?
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Hon. Randy Boissonnault
  • Dec/8/21 7:59:02 p.m.
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Mr. Chair, it is unfortunate the member opposite does not like the answers I am providing, but I know Canadians do. The net worth of Canadian households fell by 3.6% in the first quarter of 2020, one of the largest declines on record, and this metric is now up 22% from its pre-crisis level. Consumer confidence is back on the rise, with 156,000 jobs announced last week and 106% of jobs that are back.
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Hon. Pierre Poilievre
  • Dec/8/21 7:59:14 p.m.
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Mr. Chair, the question was not how much poorer Canadians are; it was how much more expensive their housing has become. Can the member tell us this? What is the average house price right across Canada today?
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Hon. Randy Boissonnault
  • Dec/8/21 7:59:19 p.m.
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Mr. Chair, I think labour force participation is a good metric to help answer the member's question. It has reached a new high of 79.6%. That shows a strong sign of confidence with respect to job prospects. That is how people—
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The Chair
  • Dec/8/21 7:59:24 p.m.
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The hon. member for Carleton.
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Hon. Pierre Poilievre
  • Dec/8/21 7:59:26 p.m.
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Mr. Chair, can the average Canadian afford the average house?
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