44th Parl. 1st Sess.
March 9, 2023 10:00AM
- Mar/9/23 2:51:43 p.m.
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Mr. Speaker, after eight years of the Liberal government, this week's housing data shows that the average rent across Canada has doubled, average monthly mortgage costs have doubled and variable mortgage holders are close to losing their homes. It is no surprise that after billions of taxpayer dollars were spent, records in fact, housing in this country is worse. It reminds me of the song we listened to growing up by Puff Daddy, Mo Money Mo Problems.
When will the Prime Minister end his “mo money” inflationary policies so that Canadians can finally afford a home?
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- Mar/9/23 2:53:27 p.m.
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Mr. Speaker, we are proud to have voted against every Liberal policy that doubled the cost of rent and monthly mortgage payments. When the Liberals came to power, people could rent an apartment for $900. Now it is $2,000. A mortgage that used to be $1,400 is now over $3,000.
Inflationary deficits are increasing mortgage interest rates, and the gatekeepers are blocking construction. When will they reverse these disastrous policies?
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- Mar/9/23 2:54:51 p.m.
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Mr. Speaker, here is what Canadians know. When I was the minister responsible for housing, they could rent an average apartment in our 10 biggest cities for $950 a month. Now it is over $2,000 a month. When I was housing minister, it was $1,400 a month for the average mortgage, and now it is $3,200. One-fifth of mortgage holders at CIBC are actually watching their mortgage grow as Liberal deficits push up interest rates on their monthly payments. They have done nothing to stand up to the gatekeepers that block housing construction.
Will the Liberals get out of the way so homes can be built and we can bring home ownership home for our youth?
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- Mar/9/23 3:01:27 p.m.
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Mr. Speaker, after eight long years, the dream of home ownership is disappearing under the Prime Minister's watch. Home ownership is becoming unattainable for many Canadians across this country today. House prices have doubled, and monthly mortgage costs are bleeding every bank account in this country. After eight years, because of the reckless government's spending, dreams are being shattered.
Will the Prime Minister simply get out of the way so that the Conservatives can fix what he has broken?
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- Mar/9/23 3:05:04 p.m.
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Mr. Speaker, after eight years of the current Prime Minister rent and housing affordability costs have doubled. Canada's housing affordability is in a crisis, and it has not been this bad in 41 years. Average monthly mortgage rates now cost Canadians more than $3,000 per month. In my home province it is no secret that Greater Moncton currently has the worst housing crisis in the country.
When will the Prime Minister stop his Liberal inflationary spending, get rid of municipal gatekeepers and make housing affordable for all Canadians?
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- Mar/9/23 3:06:37 p.m.
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Mr. Speaker, after eight years of the current Liberal Prime Minister, rent and mortgage payments have more than doubled, and the dream of home ownership for young people is fading. I spoke to a young homeowner from Strathroy who told me that he is skipping meals just to pay his mortgage payment and that the bank is about to foreclose on his home. He is not alone. This is happening everywhere, thanks to the Liberals' reckless inflationary spending.
Will the Liberal government take responsibility for the reckless housing crisis it has created, stop its inflationary spending and remove the gatekeepers, or get out of the way and let Conservatives fix this?
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