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Decentralized Democracy

House Hansard - 313

44th Parl. 1st Sess.
May 10, 2024 10:00AM
  • May/10/24 11:29:43 a.m.
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Madam Speaker, after nine years of this speNDP-Liberal government, finding an affordable rental is only getting harder. Despite its record spending, a new report says that rents in Canada increased 9.3% annually in April. It has gotten so bad that people's only choice when seeking an affordable rental is to laugh or cry. Given the dire situation of these renters, could the Minister of Housing please enlighten us as to whether he considers the performance of his government's housing strategy a comedy of errors or a tragedy of oversights?
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  • May/10/24 11:30:59 a.m.
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Madam Speaker, a lot of that spending does not kick in until after the next election, so I do not think that promise is worth the paper the minister has written on. This week, the Bank of Canada warned, “Higher debt-servicing costs reduce a household’s financial flexibility, making them more financially vulnerable if their income declines or they face an unexpected material expense.” Considering that the Prime Minister has doubled our debt and borrowed more money than all Canadian prime ministers combined, could he please explain how this warning does not equally apply to his government?
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