SoVote

Decentralized Democracy

House Hansard - 302

44th Parl. 1st Sess.
April 18, 2024 10:00AM
Context: House Hansard - 302 - Apr/18/24
Mr. Martin Champoux (Drummond, BQ)
  • Apr/18/24 2:42:30 p.m.
  • Watch
Mr. Speaker, on page 74 of budget 2024, it says, “Halal Mortgages”. This is not the first time the federal government has given some thought to sharia-compliant mortgages. The CMHC commissioned a study on this issue in 2009. The reaction of the Muslim Canadian Congress at the time was clear. Its founder, Tarek Fatah, said that this targets vulnerable and marginalized Muslims, who are told that, if they do business with non-Muslims, they will go to hell. My question is simple. Who exactly is this measure for?
91 words
  • Hear!
  • Rabble!
  • star_border
Context: House Hansard - 302 - Apr/18/24
Mr. Luc Thériault (Montcalm, BQ)
  • Apr/18/24 3:44:38 p.m.
  • Watch
Mr. Speaker, the Minister of Justice is preparing to challenge the principle of the separation of church and state, a democratic principle in modern democracies. On page 74 of the budget, under the heading “Halal Mortgages”, it reads: Canada is home to a vibrant and growing market of alternative financing products, including halal mortgages, that enable Muslim Canadians, and other diverse communities, to further participate in the housing market. Budget 2024 announces that the government is exploring new measures to expand access to alternative financing products, like halal mortgages. Is that his idea of a secular state?
99 words
  • Hear!
  • Rabble!
  • star_border
Context: House Hansard - 302 - Apr/18/24
Mr. Jean-Denis Garon (Mirabel, BQ)
  • Apr/18/24 5:13:29 p.m.
  • Watch
Madam Speaker, page 74 of the budget says that the government is exploring new measures to expand access to alternative financing products for mortgages, including halal mortgages. We know, or rather we do not know, the Conservatives' regard for the separation of church and state. We know that they love to pray for their King. That being said, I know that my colleague is very familiar with the banking system. I would like to know whether the Conservative Party is in favour of changing banking laws, mortgage laws and our prudential and mortgage regulations to accommodate certain religious minorities and possibly add to the mortgage rules certain precepts that are found in sharia law.
114 words
  • Hear!
  • Rabble!
  • star_border
Context: House Hansard - 302 - Apr/18/24
Mr. Adam Chambers
  • Apr/18/24 5:14:13 p.m.
  • Watch
Madam Speaker, I was surprised to see this in the budget as well, but I must admit that I am not an expert in how those kinds of mortgages work. All Canadians would like to believe that Canadians should have access to financial products. I am interested to see how the government is going to consult on this. I do not know what is being proposed. I think we should learn a bit more. I would tell my wonderful colleague that the government is creating dual classes of mortgage borrowers with respect to those insured and uninsured on mortgage renewals. The government is allowing insured mortgage holders to shop around for a renewal but not allowing uninsured mortgage holders to shop for a better rate on renewal without doing the stress test, and that is unfair.
136 words
  • Hear!
  • Rabble!
  • star_border