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Decentralized Democracy

House Hansard - 254

44th Parl. 1st Sess.
November 23, 2023 10:00AM
  • Nov/23/23 2:37:46 p.m.
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Mr. Speaker, after eight years of the Liberal government, everything is up. Mortgages are up, rent payments are up, inflation is up, groceries are up and taxes are up, yet the Bank of Canada has asked for help keeping inflation down. It has asked for governments to limit their spending growth to 2.5% each year, except guess what the government just announced: An increase in growth of spending of over 5% for next year. Is the minister trying to make misery go up for Canadians too?
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  • Nov/23/23 4:13:55 p.m.
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Madam Speaker, the hon. member is a colleague from British Columbia, and we know that in British Columbia we have some of the highest housing prices in the country. We know that rent has doubled, and housing costs have doubled. In this legislation that we are debating today, two of the biggest issues that we are dealing with are inflation and the cost of housing. Inflation has caused interest rates to increase which has then caused interest rate payments to be higher for people. Could the member tell us if this legislation would address inflation or interest rates?
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  • Nov/23/23 6:36:59 p.m.
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Madam Speaker, I am kind of curious. This is basically a bill to address affordability in Canada. For young families that have a mortgage right now that is coming up for renewal in the next month, and it is going to from 2% to 8%, what is in here that is going to help? What is in any type of Liberal legislation at this point in time that is actually going to help that family renew that mortgage, take the hit on the increase of the mortgage payment, and be able to heat their homes and put food on the table?
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