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Decentralized Democracy

House Hansard - 227

44th Parl. 1st Sess.
September 29, 2023 10:00AM
Context: House Hansard - 227 - Sep/29/23
Ms. Melissa Lantsman (Thornhill, CPC)
  • Sep/29/23 11:23:33 a.m.
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Madam Speaker, the Liberals have spent almost $90 billion to double the price of a home, to double the price of rent and to double the price of a mortgage. In Toronto, it now takes 80% of what Canadians take home to keep a roof over their heads. More Liberal spending equals higher inflation, which leads to higher interest rates, which leads to higher mortgages. How many Canadians have to be in jeopardy of losing their homes before the Liberals stop spending, stop raising taxes and actually start building homes?
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Context: House Hansard - 227 - Sep/29/23
Mrs. Tracy Gray (Kelowna—Lake Country, CPC)
  • Sep/29/23 11:39:53 a.m.
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Madam Speaker, the OECD says that, in the G7, Canada has the biggest gap between housing prices and wages. The finance minister said that her plan to bring down inflation is working, yet it has soared to 4%. Mortgage interest costs have also soared now to 31%. It is no wonder Mortgage Professionals Canada's recent survey showed that 48% of young people say they have given up on ever owning a home. The NDP-Liberal government's spending is driving up inflation, which is driving up interest rates, which is driving up mortgage interest costs. Will the Prime Minister finally stop his inflationary spending so Canadians can keep a roof over their head?
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Context: House Hansard - 227 - Sep/29/23
Mr. Peter Fragiskatos (Parliamentary Secretary to the Minister of Housing, Infrastructure and Communities, Lib.)
  • Sep/29/23 11:40:36 a.m.
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Madam Speaker, here we go again. The contradictions just speak for themselves, but I will highlight them for members. In July 2022, we had inflation at over 8%, which is now down to 4%. It is certainly not low enough, but we see progress on that front. I also hear all sorts of ideas from the other side that would not have a tangible impact in terms of affordability. Let us take pensions, by the way. I have heard nothing from that side at all with respect to Premier Smith's pension plan that would deplete the fund by 53%. Combine that with their lack of focus on EI. They voted against all these measures that would—
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Context: House Hansard - 227 - Sep/29/23
Mr. Dane Lloyd (Sturgeon River—Parkland, CPC)
  • Sep/29/23 12:34:18 p.m.
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  • Re: Bill C-50 
Madam Speaker, in all this debate about the sustainable jobs act, what I have not heard is an explanation from the Liberal-NDP government of a credible plan to replace over 25% of Canada's exports. Petroleum and petroleum products account for over $100 billion, over 25% of Canada's annual exports. These exports are absolutely necessary for the protection of the value of the Canada dollar. If the sustainable jobs act achieves what it intends to achieve, it would cripple our exports and cripple the Canadian dollar, which would lead to a massive increase in inflation, which we are already dealing with. This massive increase in inflation would necessarily be countered by further radical interest rate hikes from the Bank of Canada. Therefore, can my hon. colleague explain the deep economic consequences of this policy that the government simply does not have a credible plan to deal with?
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