SoVote

Decentralized Democracy

House Hansard - 210

44th Parl. 1st Sess.
June 9, 2023 10:00AM
Context: House Hansard - 210 - Jun/9/23
Mr. Pat Kelly (Calgary Rocky Ridge, CPC)
  • Jun/9/23 11:10:52 a.m.
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Mr. Speaker, the government has been running massive deficits ever since it took office. All this debt has predictably triggered an inflation crisis, which has led to massive mortgage rate hikes. Half of all homeowners say their mortgage was already barely affordable, and now they are one renewal away from a shocking new payment that will add $1,400 a month to a typical family with a mortgage. Rate hikes are also crushing the dreams of new buyers and threatening to collapse transactions that are currently in progress. Young Canadians face housing prices and rents that have doubled, and now the highest interest rates in 25 years. I beg the government to stop making things worse. It must stop the massive deficits that cause inflation and that are driving up mortgage rates to the point that homeowners cannot pay for the homes they own and young people have given up hope of ever owning one.
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Context: House Hansard - 210 - Jun/9/23
Mr. Gérard Deltell (Louis-Saint-Laurent, CPC)
  • Jun/9/23 11:25:04 a.m.
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Mr. Speaker, with all due respect for my colleague, the reality is that if he says that to people who are on the verge of losing their homes, they will laugh in his face or ask him whether he is prepared to take their keys because they can no longer pay for their home. That is the reality facing Canadian families. If the member wants to quote studies, I could point out that the International Monetary Fund says that Canada is the country at the highest risk of mortgage defaults. This week, the Governor of the Bank of Canada said that mortgage payments could rise by 40%. This is the daily reality for Canadian families. Why does the government refuse to come up with a plan to balance the budget?
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Context: House Hansard - 210 - Jun/9/23
Mr. Chris Lewis (Essex, CPC)
  • Jun/9/23 11:44:53 a.m.
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Mr. Speaker, if the Liberal-NDP coalition does not care about the future generations, what does it say to the homeowner who cannot pay their mortgage because the Liberal government overspent and caused inflation that caused mortgage rate hikes? The Prime Minister is stripping the hopes, dreams and house keys from the hands of Canadians. When will he realize the pain and suffering he is causing?
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Context: House Hansard - 210 - Jun/9/23
Mr. Tony Baldinelli (Niagara Falls, CPC)
  • Jun/9/23 11:52:15 a.m.
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Mr. Speaker, the IMF warns that Canada is at the greatest risk of home mortgage defaults in the world. The Liberal government's out-of-control spending and massive deficits have caused inflation to skyrocket. Canadians cannot absorb these higher rates, placing their dreams of home ownership at risk. Families are struggling, and they are struggling because of this Liberal government. Will the Prime Minister end his inflationary deficit spending?
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Context: House Hansard - 210 - Jun/9/23
Mr. Michael Kram (Regina—Wascana, CPC)
  • Jun/9/23 12:03:42 p.m.
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Mr. Speaker, eight years of the Liberal government have given Canadians higher deficits, higher inflation and higher interest rates, which, of course, lead to higher mortgage payments. According to a recent study by the International Monetary Fund, Canadians are now the most at risk to default on their mortgages, and this problem will only get worse as more and more Canadians renew their mortgages at higher interest rates. When will the Prime Minister end his inflationary deficit spending?
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