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Decentralized Democracy

House Hansard - 261

44th Parl. 1st Sess.
December 4, 2023 11:00AM
Context: House Hansard - 261 - Dec/4/23
Mr. Scott Aitchison (Parry Sound—Muskoka, CPC)
  • Dec/4/23 2:50:28 p.m.
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Mr. Speaker, after eight years of NDP-Liberal borrowing and spending, the Prime Minister is just not worth the cost. Ninety per cent of Canadian mortgages up for renewal in the next two years are at fixed interest rates of about 3%. Today, there are three million Canadians about to renew their mortgages, and they are facing rates of up to 7%. The Bank of Canada governor has confirmed that excessive government borrowing and spending is driving these rate hikes. When will the Prime Minister end the inflationary spending and balance the budget to lower rates so Canadians can afford to eat, and to heat and keep their homes?
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Context: House Hansard - 261 - Dec/4/23
Mrs. Tracy Gray (Kelowna—Lake Country, CPC)
  • Dec/4/23 2:54:32 p.m.
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Mr. Speaker, inflation is caused by the Prime Minister's deficit spending. The Bank of Montreal's chief economist explained that inflation is the new villain, fuelling the fires of Canada's housing hell. Rents have skyrocketed 8.2% year over year, the fastest pace since 1983. Rents are up and mortgages are up. Inflation is up and interest rates are up. The Prime Minister is just not worth the cost. After eight years, when will the NDP-Liberal government stop its deficit spending so people can keep a roof over their head?
93 words
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