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Decentralized Democracy

House Hansard - 309

44th Parl. 1st Sess.
May 6, 2024 11:00AM
Context: House Hansard - 309 - May/6/24
Ms. Louise Chabot (Thérèse-De Blainville, BQ)
  • May/6/24 12:45:28 p.m.
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Madam Speaker, I listened to my Conservative colleague's speech, and I would like him to set the record straight regarding the housing crisis we are experiencing. I heard him say something that I thought was simplistic, about letting builders build and letting buyers buy. Does he think that it is fair to rely solely on market forces in a housing crisis of this magnitude? Does he think that the market will respond to the urgent need for social and affordable housing? What measures does my colleague's political party intend to adopt that will truly prioritize social and affordable housing?
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Context: House Hansard - 309 - May/6/24
Mr. Jasraj Singh Hallan
  • May/6/24 12:46:30 p.m.
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Madam Speaker, nothing is sustainable right now. It is these high interest rates that are stopping builders from building and buyers from buying. In fact, it is these high interest rates where, now, 2.2 million mortgages are up for renewal. There is a mortgage default crisis looming, according to the IMF. That is literally what is keeping builders from building and people from getting into homes in the first place. It is too bad. The Bloc is continually supporting the government and—
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