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Decentralized Democracy

House Hansard - 208

44th Parl. 1st Sess.
June 7, 2023 02:00PM
Context: House Hansard - 208 - Jun/7/23
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Jun/7/23 3:15:16 p.m.
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Mr. Speaker, the Prime Minister has caused the mortgage crisis we now face. Back in 2021-22, he flooded the economy with cheap and excessive cash that went into the mortgage system. It bid up the price of housing. House prices had doubled under his leadership and then Canadians were forced to take on massive, and in some cases, million-dollar, mortgages in order to buy a home. He promised them that rates would be low for long but then his deficits juiced inflation, which pushed up interest rates and now, over the next three years, many of those same families will face 40% increases in their mortgage payments. How is he going to save their homes now that he put them in peril?
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Context: House Hansard - 208 - Jun/7/23
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Jun/7/23 3:16:41 p.m.
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Mr. Speaker, 2021-22: I will tell us what was happening. I will tell us what he was doing. He was trying to stuff a half-billion dollars into the WE Charity to help a group that had paid off his family. We know that he gave money to Frank Baylis's company. We know that 40% of all of the deficits he added had nothing to do with COVID, according to the PBO. We know that he added $100 billion of debt before COVID ever happened and now he is adding hundreds of billions more now that COVID is done. He has got to stop using the COVID excuse and start answering the question. People do not know how they are going to pay their mortgages. That is why I have had to ask 20 times about that question. Will he finally answer it? How will they pay their mortgages?
151 words
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