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Decentralized Democracy

House Hansard - 231

44th Parl. 1st Sess.
October 6, 2023 10:00AM
Context: House Hansard - 231 - Oct/6/23
Mr. Greg McLean (Calgary Centre, CPC)
  • Oct/6/23 11:59:55 a.m.
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Mr. Speaker, Canada's banking regulator has reported that one in five mortgages at three banks are in negative amortization. In simple terms, homeowners cannot afford to pay their mortgages. Mortgage rates have increased at the fastest pace in history because of the Liberal government's failed policies. Deficits lead to inflation, which leads to higher interest rates, which, as should be obvious to the NDP-Liberal coalition right now, lead to higher mortgage costs. When are the Liberals going to acknowledge the pain their broken economic policies are causing Canadians and end these massive deficits?
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