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House Hansard - 206

44th Parl. 1st Sess.
June 5, 2023 11:00AM
Context: House Hansard - 206 - Jun/5/23
Mr. Jagmeet Singh (Burnaby South, NDP)
  • Jun/5/23 2:29:06 p.m.
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Mr. Speaker, the Liberal government needs to start acting like it is a crisis. The Bank of Canada will likely raise interest rates, which will make matters worse and put even more pressure on workers. This government has done nothing to deal with the greedy corporations that are massively contributing to the rising inflation. Does this government stand with workers or with big corporations?
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Context: House Hansard - 206 - Jun/5/23
Mr. Jasraj Singh Hallan (Calgary Forest Lawn, CPC)
  • Jun/5/23 7:00:26 p.m.
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Mr. Speaker, I am rising today to also request an emergency debate for the very serious matter we see happening across Canada today, which is the housing crisis. It is one that the housing minister refuses to acknowledge as something we are going through today. New IMF data was released. It shows that Canadian households face the greatest risk of mortgage defaults as households struggle to cope with increasing interest rates. These high interest rates were caused by high inflationary deficit spending by the government. It made the Governor of the Bank of Canada raise the rates, causing Canadians headaches and all sorts of hardships when it comes to the housing crisis. The finance minister, in November, said she did not want to throw fuel onto the inflationary fire, but then, with the recent budget, threw 68 billion dollars' worth of fuel on that inflationary fire. That made the inflation problem worse and will possibly have the Bank of Canada raise its interest rates once again, which would cause even more hardships. We know that nine out of 10 young people cannot imagine home ownership. Newcomers do not even dream of ever owning a home, as the cost of living is growing because of the inflationary deficit spending by the Liberal government. I would also implore you, when considering this decision, to also consider that we are on the reading stage of the budget, so it only limits the scope. We want to expand it because of how serious the housing crisis is and how much worse it is going to get when people start defaulting on mortgages, according to RBC and this IMF report. I am requesting an emergency debate on this very serious matter.
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Context: House Hansard - 206 - Jun/5/23
Ms. Kristina Michaud (Avignon—La Mitis—Matane—Matapédia, BQ)
  • Jun/5/23 10:12:41 p.m.
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Madam Speaker, on behalf of the Bloc Québécois, I first want to reiterate all my best wishes in solidarity with every community that has been affected in Quebec and elsewhere in Canada because of the current crisis. I understand that this is an important topic. It is actually urgent. When the NDP requested this emergency debate this evening, the member for Rosemont—La Petite-Patrie said that the federal government should do more and do better, including with respect to planning, training and accessibility to equipment. I am not sure whether my colleague could inform me about the situation in his home province, because in Quebec, as far as I know, the federal government's response has been swift. I am not saying that the government is perfect, but when Minister Bonnardel in Quebec City asked for help from the Canadian Armed Forces, it took only a few hours for the Minister of Emergency Preparedness to accept the request and send boots on the ground. All in all, crisis management seems to be going well so far. That may not be the case in the rest of Canada. I would like my colleague to say a few words about that.
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