44th Parl. 1st Sess.
September 29, 2023 10:00AM
- Sep/29/23 11:36:41 a.m.
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Madam Speaker, I would remind my hon. colleague to look at the actual record and at the actions of the opposition leader, who this summer, while presenting himself as some sort of champion of the working class, stood in front of a Canadian's home, took a video and called that home a shack. If he is serious about dealing with affordability, the housing crisis and the supply crisis that underpins it, I want to hear from him and his party serious plans along the lines of what we have presented on this side. We are going to continue to fight for Canadians.
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- Sep/29/23 11:38:32 a.m.
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Madam Speaker, 97% is the percentage of shared income a household would need in order to cover home ownership costs now in Vancouver. This is from a new RBC report, which says that housing affordability in most major Canadian cities is near all-time worst levels.
The Prime Minister also holds the all-time record for incurring more debt during his eight years than all other prime ministers combined. Housing is less affordable than ever. The Prime Minister is just not worth the cost.
Will the Prime Minister finally stop his inflationary spending so Canadians can keep a roof over their head?
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- Sep/29/23 11:39:14 a.m.
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Madam Speaker, I remind the hon. member that Canada has the lowest deficit and debt in the G7, but times remain hard. We see that and understand that.
On housing affordability, what are we doing? The supply crisis that underpins the housing crisis facing the country is one that requires building. That is why we have lifted GST for the purposes of rental construction on apartments, and that is why we have made changes to the borrowing limit of the Canada mortgage bond. I do not want to get into the technical details, because they are vast, but the result is more homes built for Canadians, and that is what we are going to continue to do.
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- 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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- Sep/29/23 11:50:14 a.m.
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Madam Speaker, I know the member has a passion for dealing with homelessness and addressing issues of affordability more generally. This government has put substantial investment forward through the national housing strategy to combat homelessness. It is a difficult challenge for sure, but one that we are getting results on.
It is not over. That fight continues and is combined with efforts to build more by lifting GST from rental construction, for example, and to make changes to the Canada mortgage bond borrowing limit. All of these things combine, and the bottom line is that we are going to see more homes built. Affordability is the result from that.
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