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Decentralized Democracy

House Hansard - 218

44th Parl. 1st Sess.
June 21, 2023 02:00PM
Context: House Hansard - 218 - Jun/21/23
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Jun/21/23 2:30:15 p.m.
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Mr. Speaker, the Prime Minister's $80-billion worth of programs are not working. They have led to a doubling in the cost of an average down payment, double the necessary monthly mortgage payment, and a 120% increase in the average rent. This is way out of line with what is happening in other countries. Meanwhile, he continues to drive up interest rates on mortgages with his deficits, and to give money to local bureaucracies to block home building. Will the Prime Minister get off the backs and out of the way of Canadians so they can finally afford a home?
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Context: House Hansard - 218 - Jun/21/23
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Jun/21/23 2:37:24 p.m.
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Mr. Speaker, the Prime Minister expects to be judged on his promises rather than his results. The results are these. Eight years ago, housing was affordable, taking a modest 40% of average income to pay mortgages on an average house, which is something that is now up to 60%. The average cost of a house has nearly doubled. The cost of a mortgage payment has doubled. The cost of monthly rent has doubled. It is double trouble after eight years of this Prime Minister. Unfortunately, the Prime Minister wants to keep doing what caused the problem in the first place. Will he instead stop funding gatekeeping that blocks construction and bring down the deficits that are driving up mortgage rates?
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Context: House Hansard - 218 - Jun/21/23
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Jun/21/23 2:59:34 p.m.
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Mr. Speaker, last year's exorbitant increases in interest rates were incredible and unprecedented. They were caused by this government's inflationary deficit. Canadians are worried about losing their homes. According to the Bank of Canada, the average Canadian could see a 40% increase in their mortgage payments. The International Monetary Fund says that Canada is the country most at risk of experiencing a default crisis. Will the Prime Minister finally eliminate his inflationary deficits to lower interest rates on mortgages and ensure that Canadians can keep their homes?
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