44th Parl. 1st Sess.
November 23, 2023 10:00AM
Madam Speaker, regarding housing affordability, the ability to own a home or secure reasonable rental accommodations has become increasingly unattainable for many, especially for young people and newcomers. Bill C-56 proposes substantive enhancements to the goods and services tax, GST, rental rebate for newly constructed purpose-built rental housing. This initiative serves as a catalyst for fostering the development of rental properties encompassing apartments, student residences and homes for seniors. The proposed rebate system, offering significant tax relief, exemplifies our commitment to facilitating the creation of the much-needed housing inventory suitable for diverse family needs.
We urge provinces and local governments to work in tandem with this bill on rebate initiatives and actively support housing developments situated in close proximity to public transit systems, enhancing accessibility and promoting sustainable communities.
Concurrently, the government has taken concrete measures to mitigate the costs associated with groceries. The introduction of targeted inflation relief through the one-time grocery rebate in July represented a proactive step. Bill C-56 supplements these efforts by proposing legislative amendments to the Competition Act, augmenting the authority of the Competition Bureau to conduct comprehensive market studies. These amendments seek to eliminate the efficiencies defence for anti-competitive mergers and address collaborations that impede competition, specifically those disadvantaging smaller competitors in contrast to larger grocery entities.
The significance of Bill C-56 extends beyond its immediate implications. It complements a suite of measures aimed at enhancing the quality of life for Canadians. Since the beginning, our government's commitment to delivering meaningful benefits to Canadians has remained unwavering. The 2023 fall economic statement, delivered by the Deputy Prime Minister and Minister of Finance earlier this week, is a testament to our dedication toward creating an inclusive and thriving economy that supports the middle class while striving to build more homes faster.
This year's fall economic statement serves as a blueprint to tackle the prevailing challenges of high prices and impending mortgage renewals. Our government stands resolute in taking targeted measures to stabilize prices, support Canadians with mortgages and enhance affordability. The comprehensive plan outlined in this statement introduces substantial funding for housing initiatives, cracking down on illegal short-term rentals and making significant advancements in making housing more affordable across Canada.
Continuing our legacy of delivering tangible benefits to Canadians, the economic statement reinforces our commitment to supporting Canadians. The government has taken proactive steps by introducing measures aimed at making groceries more affordable, cracking down on junk fees and removing GST from psychotherapy and counselling services. These initiatives underscore our dedication to fostering an economy that offers equitable opportunities for all Canadians.
Moreover, our economic plan is not merely in response to immediate challenges. It is also strategically positioned to propel Canada toward a cleaner and more sustainable future. Investments in Canada's clean economy, the introduction of the Canada growth fund and advancements in the indigenous loan guarantee program signify our unwavering commitment to fostering a robust economy that is sustainable and inclusive.
The robustness of our economic plan is underscored by the federal government's unwavering commitment to making housing more affordable across Canada. Federal investments in housing have witnessed a substantial increase, surpassing previous benchmarks. This year, the federal investment in housing is $9 billion higher than it was in 2013-14. Since 2015, the average annual federal housing investment has more than doubled compared to the previous government. The comprehensive strategy outlined in our economic plan allocates billions in new loan funding to support the creation of more than 30,000 additional new homes and dedicates a substantial portion to affordable housing projects, all aimed at enhancing the accessibility and affordability of housing options for Canadians.
Our government's responsible economic stewardship has yielded commendable results, reflected in the employment of over a million more Canadians compared to prepandemic levels. Canada's unemployment rate has remained consistently lower than in previous records, while inflation rates are on a downward trajectory. Moreover, our commitment to fiscal responsibility is reflected in maintaining the lowest deficit and net debt-to-GDP ratio among G7 nations.
In conclusion, Bill C-56 is a testament to our government's unwavering commitment to addressing the critical issues faced by Canadians today. It symbolizes our dedication to fostering an inclusive and prosperous Canada for all. As members of Parliament, it is our collective responsibility to prioritize the well-being of Canadians, ensuring equitable access to housing and essential goods. I would encourage all members to support the measures included in Bill C-56.
I am thankful for the opportunity to advocate for the passage of this crucial legislation.
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Madam Speaker:
Tuesday is a day where if you thought there was something wrong in this country you would have more evidence you are right.
If you sense the system and those in charge, the high-and-mighties thought to be smarter than the rest of us, have let us down big-time and without apology, you would be right again.
If you feel a general sense of unease, dissatisfaction, your gut telling you there should be a shake-up you would be far from alone.
I just quoted a passage from Rick Bell's column in the Edmonton Sun newspaper yesterday. Mr. Bell was commenting on Tuesday's fall economic statement by the finance minister, a speech she delivered that ties directly into the legislation we are discussing today, Bill C-56. I want my friends in Saskatoon West to hear what else Mr. Bell had to say:
Sunny ways have turned into darkening storm clouds....
If this was supposed to be a Hail Mary pass in the direction of [the Prime Minister's] political redemption, the pass was incomplete, under-thrown, hopelessly off-target.
The high cost of living. Groceries, mortgages, rents, the price of so many things. Up. Federal government spending. Up.
The ever-increasing carbon tax. Up.
It is true. After eight years of the costly NDP-Liberal coalition, Canadians are facing the worst affordability crisis in decades. Spending on the bureaucracy in Ottawa is out of control. The money supply has been severely increased to the detriment of consumers and wage earners. The Bank of Canada is strangling our economy with massive interest rate hikes. The NDP-Liberals keep turning the screws on Canadians with every increase of the carbon tax and with the introduction of a second carbon tax. This has led to massive inflation and grocery bills that families cannot afford. The fact is that everybody is spending more money. The uber-rich are the only ones who will be able to afford a house in the future. This needs to change.
The NDP-Liberals tell us not to worry, that they have legislation, Bill C-56 which we are supposedly debating today. I say “supposedly” because what we are actually debating today in the chamber is not Bill C-56 but an NDP-Liberal programming motion. I think it is important that the folks in Saskatoon watching this understand that while I want to be debating the legislation on its merits, the NDP-Liberal government is actually forcing us to debate what we colloquially refer to as a programming motion.
Motion No. 30 is almost 900 words long, and it would take me half of my time here to recite the whole thing, but here are the highlights. First, it would limit the amount of debate MPs are allowed on Bill C-56. Second, it would limit the amount of time the finance committee has to hear from witnesses on the legislation. Third, it would limit the amount of time and the capacity to make and then debate amendments to clauses in the legislation. Fourth, it would instruct the committee to accept amendments beyond the scope of the bill, which, under our regular procedures, would be out of order. Fifth, it would limit the amount of time for debate of Bill C-56 for report stage amendments and third reading to one day when it returns to the House.
This may sound complicated, but it is not. Each of these would override long-standing rules or procedures of the chamber that guarantee the rights of members of Parliament to represent their electors and to speak to legislation. In what is supposed to be, by design, a lengthy process of debate and a cautious and thoughtful examination by MPs, this motion would cut the committee process down to three days, and the remaining time in the House, between second and third reading, to a day and a half.
I know that defenders of the NDP-Liberals in the mainstream media will scream from the rooftops that we are approaching Christmas and that Bill C-56 was introduced in September, so Conservatives should just let it roll through. Is it really the job of Conservative MPs to roll over for a government that has so badly mismanaged its work calendar that it is in a panic to take its Christmas holidays? Does the average Canadian get the ability to ram their work through without any scrutiny just because Christmas is approaching, or does it wait there until they come back after their two or three days off?
Of course the Prime Minister does not know how regular people live. The National Post reported earlier this week that since he became Prime Minister in 2015, he has taken one-quarter of his days off. Would it not be nice if every Canadian could get one-quarter of their days off? That is the ridiculous nature of the programming motion. The NDP-Liberals are so inefficient and hopeless at getting anything done in the House that when faced with the upcoming Christmas break, they panic and go to extreme measures to get anything done.
Let me get into the legislation. Would the legislation work? Would it actually solve anything? The stated purpose of the legislation is to eliminate GST on rental builds and make changes to the competition laws that govern retail stores like grocers. It is meant to be a solution for Canadians who are stretched to their limits, but does it actually solve these problems? The answer is no. That is not my answer; that is the answer the Minister of Finance stated in her own fall fiscal update just two days ago in the chamber. She said, “The apartments that renters need are not getting built fast enough, in part because the builders who would like to build more currently don’t have access to enough of the financing needed to make rental projects financially viable.”
Whose fault is it that builders do not have access to the capital and the financing they need? It is the current government that has put in place economic conditions so dire that the Bank of Canada has increased interest rates to their highest level in 40 years. The central bank, in direct response to government actions, is cutting off the lifeblood of our economy: the ability to borrow and finance the building and buying of new homes.
John Ivison, in the National Post, succinctly put it this way: “[The finance minister]'s fall economic statement was bulging with statements that, if not outright whoppers, were certainly distortions....Growth is expected to be muted....Unemployment is forecast to rise to 6.5 per cent by the middle of next year, from 5.7 per cent now.” Conservatives agree with these damning indictments of the government’s economic policy, the fall economic statement and its failure to get housing built. It is a pattern of failure that the costly coalition repeats over and over again. The costly coalition claims that the legislation is the solution that Canadians are looking for.
Do members remember this time last year? The NDP-Liberals were singing the praises of their one-time GST rebate, which nobody even remembers now. Then, earlier this spring, the Liberals cooked up another scheme with the NDP, a one-time rent rebate for low-income wage earners that nobody remembers now. Now, they think this latest idea will take a bite out of inflation. Did they not say that of their toothless dental program last year? It was another failure, because all of these ideas are temporary and do not get to the root of the problem. Instead, the Liberals are always scheming to stay in power, never delivering tangible, real results for Canadians. It has been failure after failure.
Why is there this overwhelming record of failure? It is because with the current government, the underlying economic landscape is set to fail. It is no wonder. We only need to look back at what the finance minister passed off a couple days ago as an update to the government’s budgetary policy, the costly coalition’s fall economic plan. With $20 billion of costly new spending, the mini-budget can be summed up very simply: prices up, rent up, debt up and taxes up. Time is up.
The finance minister announced more than $20 billion in new inflationary spending that will keep inflation and interest rates higher than Canadians can afford. It is an NDP-Liberal mini-budget that proposes to increase taxes on the backs of middle-class people. It is an NDP-Liberal mini-budget that will spend more money on servicing the debt than on health care. The signature policy in this mini-budget was to pour $15 billion into a fund to build barely 1,500 homes a year, while we need 5.8 million new homes built by 2030.
Do members remember when the finance minister told Canadians that the budget would be balanced by the year 2028? Since then, the costly coalition of the NDP and Liberals has announced $100 billion dollars of additional debt. After eight years, it is clearer than ever that the costly coalition is not worth the cost, and this mini-budget does nothing to help everyday Canadians. The only way to undo the damage the Liberals have done is by reversing course and doing the opposite. The common-sense Conservative plan would axe the tax, balance the budget, and build homes and not bureaucracy to bring home lower prices for Canadians.
Despite warnings from the Bank of Canada and the Canadian financial sector that government spending is contributing to Canada’s high inflation, the Prime Minister ignored their calls for moderation and yet again decided to spend on the backs of Canadians, keeping inflation and interest rates high. These interest rates risk a mortgage meltdown on the $900 billion of mortgages that will renew in the next three years. High inflation means the government is getting richer while Canadians are getting poorer.
Under the costly NDP-Liberal coalition, here are the facts. There are a record two million food bank visits in a single month. Housing costs have doubled, and mortgage payments are 150% higher than they were before the Liberals took power. Canadians renewing their mortgages at today's rates will see an increase from 2% to 6% or even higher. The International Monetary Fund warns that Canada is the most at risk in the G7 for a mortgage default crisis. Over 50% of Canadians are $200 or less away from going broke. Business insolvencies have increased by 37% this year. Tent cities exist in every major city, including in Fairhaven in my community of Saskatoon. Violent crime is up 39%, and drugs are everywhere.
Instead of listening to common-sense Conservative proposals to reverse the damage, the NDP-Liberal government has introduced more half measures and photo-op funds that will do nothing to solve the problems that Canadians have. It is time for common sense to return to the Canadian government's decision-making process. It is time for Canadians to say to this costly coalition that enough is enough. It is time for a Conservative government. Let us bring it home.
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- Nov/23/23 2:38:19 p.m.
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Mr. Speaker, I can hardly believe that the Conservatives are talking about taxes. We reduced taxes for middle-class Canadians on two occasions, and the entire Conservative caucus, every single Conservative member, voted against lowering taxes for the Canadians who needed it most.
The fall economic statement we put forward this week shows the strong fundamentals of our fiscal frame. We have the lowest deficit among all G7 countries and we will have the highest growth in 2024 among all G7 countries. We are proud of our record. We are continuing to be there for Canadians.
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- Nov/23/23 6:57:45 p.m.
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Madam Speaker, I actually wrote in my MP report to my constituents this week exactly that: All levels of government have been overspending.
However, let us not forget what I called the Prime Minister earlier this week: “our deficit-maker-in-chief”. No one has the fiscal power like the current federal government. No one has the tax power like the current federal government. What were the members of the government doing this week? Instead of actually trying to show some leadership and actually reducing, they have been going through an NDP wish list, which is one of the reasons we keep referring to the fact that after eight long years of the NDP-Liberal government, it is just not worth the cost. It is Canadians who are paying that bill, and they will keep paying that bill until they kick the current government out.
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