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Decentralized Democracy

House Hansard - 118

44th Parl. 1st Sess.
October 26, 2022 02:00PM
Context: House Hansard - 118 - Oct/26/22
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Oct/26/22 2:47:56 p.m.
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Mr. Speaker, Canadians are now getting the bill for the Prime Minister's $500-billion inflationary deficit. Today, interest rates are being raised again. A family that bought a typical home five years ago with a typical mortgage that is now up for renewal will pay $7,000 more a year. The Prime Minister said that the government was taking on debt so that Canadians would not have to. Who is going to make the extra mortgage payments?
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Context: House Hansard - 118 - Oct/26/22
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Oct/26/22 2:49:19 p.m.
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Mr. Speaker, Canadians are now getting the bill for the Prime Minister's half trillion dollars of inflationary deficits that first drove up inflation and now drive up interest rates. A typical family who bought a typical home with a typical mortgage five years ago but are now up for renewal are paying $7,000 more per year. The Prime Minister said the government was going to take on all this debt so that Canadians would not have to, as if they do not have to pay back government debt. If that were the case though, who is going to pay the extra mortgage payments for these families?
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Context: House Hansard - 118 - Oct/26/22
Mr. Jagmeet Singh (Burnaby South, NDP)
  • Oct/26/22 2:59:08 p.m.
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Mr. Speaker, the Prime Minister's own former economic adviser has raised concerns of increased household costs because of interest rates going up. He says an average family with a new mortgage, before today's new increase, could see an increase of $11,000 in extra costs to their annual budget. Most families do not have the ability to absorb that kind of hit. When will the government help families that are reeling with the shock of increasing interest rates?
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