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Decentralized Democracy

House Hansard - 263

44th Parl. 1st Sess.
December 6, 2023 02:00PM
Context: House Hansard - 263 - Dec/6/23
Mr. Daniel Blaikie
  • Dec/6/23 7:39:33 p.m.
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Madam Speaker, I would remind my colleague that some of that funding is in abeyance, because it has been accorded to projects that cannot move ahead because interest rates have gone up. That is why New Democrats have been advocating so hard to ensure that the GST rebate also applies to non-profit projects with federal government financing that have been stalled because of rising interest rates, regardless of when they began construction. That is part of making good on the commitments the government has already made. We cannot seem to get a positive answer with respect to that extension of the GST rebate. We have heard the finance minister brag that Canada is doing the best among the G7 or the OECD, depending on the day, with respect to its deficit, its debt and its credit rating. We have heard from the Governor of the Bank of Canada that spending on housing supply would not be considered inflationary. There is no better time to invest and there is no more urgent time to invest. Why is it we continue to see the government, when it announces new funds, back-end load that funding several budget years down the road?
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