SoVote

Decentralized Democracy

House Hansard - 218

44th Parl. 1st Sess.
June 21, 2023 02:00PM
Context: House Hansard - 218 - Jun/21/23
Mr. Terry Beech
  • Jun/21/23 6:08:08 p.m.
  • Watch
Madam Speaker, it is good to bring up the stress test measures that were brought up in 2018. We had historically low interest rates, and we were concerned Canadians might not be able to afford their mortgage payments if there was a sudden increase from historically low rates. We put that in place. What was the Conservatives' response? Not only did they speak against the stress test, but they actually suggested in the election that came after that we should extend amortization rates. They wanted Canadians to take on more debt and wanted to, in that action, increase housing prices at the same time.
104 words
  • Hear!
  • Rabble!
  • star_border