SoVote

Decentralized Democracy

House Hansard - 61

44th Parl. 1st Sess.
April 29, 2022 10:00AM
Context: House Hansard - 61 - Apr/29/22
Ms. Melissa Lantsman (Thornhill, CPC)
  • Apr/29/22 11:40:14 a.m.
  • Watch
Madam Speaker, aggressive rate hikes are coming and that is because the government continues to spend recklessly. Here is what that means for an average Canadian. If they are lucky enough to buy a house for the $800,000 that it costs, with a 2% mortgage they are paying about $3,400 a month for mortgage payments. The potential of a 3% rate hike means $3,400 turns into $5,200. Why is the government drowning Canadian homeowners in the debt of tomorrow to pay for the pet projects of today?
91 words
  • Hear!
  • Rabble!
  • star_border