SoVote

Context: House Hansard - 211 - Jun/12/23

Mr. Brad Vis (Mission—Matsqui—Fraser Canyon, CPC)

Jun/12/23 2:11:28 p.m.
Watch

Mr. Speaker, under the government, Canadian families are in more debt than any other country in the G7. Last week, with the passage of budget 2023, the costly coalition poured another 60 billion dollars' worth of fuel onto the inflationary fire, sparking another interest rate hike from the Bank of Canada. Families with variable-rate mortgages, those who the Prime Minister encouraged to borrow, promising rates would be low for a long time, are seeing their monthly payments going up again. Even before last week's hike, rate increases had already added $1,000 a month to the average $500,000 mortgage. In my province of B.C., the average cost of a home is $995,000. We can think about how this rate hike will impact British Columbians. Thanks to the government, families are worried about how they are going to pay for their groceries, day care, summer camps and everything else. Conservatives would put a stop to deficit spending, get inflation under control, create powerful paycheques and get homes built that Canadians can afford. For their home, my home, our home, Conservatives are going to bring it home.

190 words

Context: House Hansard - 211 - Jun/12/23

Hon. Pierre Poilievre (Leader of the Opposition, CPC)

Jun/12/23 2:22:32 p.m.
Watch

Mr. Speaker, the question was about the doubling of housing costs. The Prime Minister has brought in half a trillion dollars of inflationary spending, which has doubled rent costs, mortgage payments and the down payment needed for the average house, and now the IMF says that Canada is the country most at risk of a massive mortgage default as our households have the most debt as a share of GDP of any country in the G7. That debt is about to collide with soaring interest rates, driven by the government's deficits. Will they eliminate the deficits and balance the budgets to bring down inflation and interest rates before Canadians lose their homes?

113 words

Context: House Hansard - 211 - Jun/12/23

Hon. Tim Uppal (Edmonton Mill Woods, CPC)

Jun/12/23 2:42:17 p.m.
Watch

Mr. Speaker, in the last eight years, the Prime Minister has racked up more debt than all other prime ministers combined. That is not just a shocking fact; the real-life consequence is that massive Liberal deficits raise the inflation rate. This forces the Bank of Canada to raise the interest rates, forcing Canadians to default on their mortgages. Canadians are going bankrupt because the Liberals cannot control the government's spending. When will they get their spending under control?

80 words

Context: House Hansard - 211 - Jun/12/23

Hon. Tim Uppal (Edmonton Mill Woods, CPC)

Jun/12/23 2:43:29 p.m.
Watch

Mr. Speaker, almost half of Canadians say that they are having a difficult time now managing their mortgage payments. More and more Canadians are taking on credit card debt just to pay for basic necessities, such as groceries. Will the Liberals work with us to draft a new budget that will stop the deficits and inflation, stop rates from going up and stop the mortgage default? Will the Liberals cancel their vacation, work with us and help Canadians to save their homes?

82 words

Context: House Hansard - 211 - Jun/12/23

Mr. Yves Perron (Berthier—Maskinongé, BQ)

Jun/12/23 2:55:55 p.m.
Watch

Mr. Speaker, when our farmers used the emergency account during the pandemic, they could not have anticipated all the other misfortunes that would follow. The war in Ukraine has driven up input costs. The inflation rate is more than three times higher than in other industries. There is $8 of debt for every dollar of income, and the policy rate continues to rise. I could go on all day. As a result, one in 10 farm businesses are worried about having to shut down within a year. Will the Minister of Finance allow farmers to defer their emergency account repayments without them losing the subsidy portion?

106 words

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