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Decentralized Democracy

House Hansard - 220

44th Parl. 1st Sess.
September 19, 2023 10:00AM
Context: House Hansard - 220 - Sep/19/23
Mr. Arpan Khanna (Oxford, CPC)
  • Sep/19/23 2:05:57 p.m.
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Mr. Speaker, it is the honour of a lifetime to be able to serve the hard-working people of Oxford. Oxford is a great community full of doers. We have the best farmers, the best auto workers, amazing truckers and great Canadians who want to roll up their sleeves and get to work. However, after eight years of the Liberal-NDP government, Canadians are working harder and harder, but they are barely getting by. The dream of home ownership is now fading away. The cost to buy a home, mortgages, rent and the amount needed for a down payment have all doubled. Nine out of 10 young Canadians now believe they will never own a home. That is not the Canadian dream. Even if someone is fortunate enough to have bought a home, now the coalition’s carbon tax is making families and seniors choose between heating and eating. Who will pay the cost of the Liberal-NDP government? That is right: We all will. The Liberal-NDP government is not worth the cost.
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Context: House Hansard - 220 - Sep/19/23
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Sep/19/23 2:24:51 p.m.
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Mr. Speaker, one of the ways that the Prime Minister doubled housing costs was by flooding the economy with $600 billion of newly created cash, which bid up the price of homes and forced Canadians to overpay. Then many bought at rock-bottom low rates because he promised that they would never go up. His inflationary deficits pushed them up, and now one-fifth of all Canadians are actually unable to pay the interest on their mortgages. Their mortgages are growing in size and when they renew, it will be on a bigger principal at a higher rate. How many Canadians will go bankrupt? Will we have a mortgage crisis when that happens, yes or no?
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