SoVote

Context: House Hansard - 252 - Nov/21/23

Hon. Pierre Poilievre (Leader of the Opposition, CPC)

Nov/21/23 2:21:30 p.m.
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Mr. Speaker, after eight years, this Prime Minister is not worth the cost. A Scotiabank report indicates that government deficits, with the federal government deficit being the largest, have increased interest rates by 2%. That adds $700 a month to the average mortgage. For the average family, it means an additional $8,400 in interest because of this Prime Minister's deficits. Is he going to table a plan today to balance the budget and lower interest rates so that Canadians can keep their homes?

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Context: House Hansard - 252 - Nov/21/23

Hon. Pierre Poilievre (Leader of the Opposition, CPC)

Nov/21/23 2:22:49 p.m.
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Mr. Speaker, austerity and cuts are exactly what Canadian families are living with today. Seven million of them are cutting meals because they cannot afford food prices after he has inflated them. Many are cutting homes and are forced to live in tents because mortgage rates have risen so fast under the Prime Minister's deficits. Scotiabank now calculates that government deficits are adding two full percentage points to the rates. That is $700 per month in higher mortgage payments. In the next three years, $900 billion of new mortgages, or two-thirds, will come up for renewal. We risk a massive default crisis. Will the Prime Minister announce a plan to balance the budget, to bring down mortgage rates, so Canadians can keep their homes?

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Context: House Hansard - 252 - Nov/21/23

Mrs. Rachael Thomas (Lethbridge, CPC)

Nov/21/23 2:46:32 p.m.
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Mr. Speaker, the Prime Minister promised to make housing more affordable for Canadians, but we know that was not totally true. After eight years of the Liberal government, rent has doubled, housing prices have skyrocketed, doubling as well, and mortgage payments have gone through the roof. In fact, today, Scotiabank confirmed that mortgage rates have increased by 2% just due to the government's overspending. With no other factors considered, just the government's overspending, mortgage rates have gone up by 2%, which means, on average, $700 a month extra on a family's mortgage. When will the government do the responsible thing and rein in its spending so that Canadians can afford to put a roof over their heads?

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Context: House Hansard - 252 - Nov/21/23

Mr. Matt Jeneroux (Edmonton Riverbend, CPC)

Nov/21/23 2:50:31 p.m.
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Mr. Speaker, when the Conservative leader was the minister of housing, a typical family home cost only $450,000. Investment in housing construction is down 14% under the minister today. Rent has doubled. House prices have doubled, and mortgage payments are up 150%. Will the government end their photo ops so Canadians can get houses built?

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Context: House Hansard - 252 - Nov/21/23

Hon. Pierre Poilievre

Nov/21/23 4:58:26 p.m.
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Mr. Speaker, those houses cannot be characterized with any adjective other than “non-existent”. They do not exist. The Liberals stand up day after day and list off the thousands of houses that they have not built. They have had eight years. It would be one thing if they were still promising to build homes in their first year, maybe their second year; okay, we will give them three years. It has been eight years and the only thing they have accomplished on housing since promising to make it affordable is they have doubled the cost. They have doubled the rent, doubled mortgage payments, doubled the needed down payment for a home. Now we have $900 billion of mortgages that are coming up for renewal. That is two-thirds of all mortgages. The IMF says we are the number one at risk of having a mortgage crisis. It is disgusting to think of the families who did everything right and risk losing everything because of the irresponsible policies of this Prime Minister and his NDP government.

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Context: House Hansard - 252 - Nov/21/23

Hon. Pierre Poilievre

Nov/21/23 5:02:58 p.m.
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Mr. Speaker, I have been talking about almost nothing but making housing affordable for the last three years. When the NDP and the Liberals and the entire establishment were dismissing me, I told the country we were headed for a housing crisis. Now everybody is playing catch-up. Here is the problem for the NDP: The facts are that, when I was housing minister, one could rent the average one-bedroom for $950. Now, under the NDP-Liberal government, it is almost $2,000. One could buy an average home for a mortgage of $1,400 a month. Now it is $3,500 a month. The needed down payment for the average new home was $20,000; now it is well over $50,000. The NDP has been in government now at least two years and supported the Prime Minister for long before that. Since they signed the coalition agreement, rent inflation has been at its worst in Canadian history. We do not need more bureaucracy. We need my common-sense plan to clear away the red tape and the gatekeepers to build millions of new homes Canadians can afford and allow them powerful paycheques to pay for them.

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