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Decentralized Democracy

House Hansard - 333

44th Parl. 1st Sess.
June 17, 2024 11:00AM
  • Jun/17/24 6:28:04 p.m.
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Mr. Speaker, I listened carefully to my colleague's speech. I found it somewhat interesting to hear him talk about the dream of home ownership, of owning a house. For several years, the government has had a plan to build more housing. In budget 2024 alone, we are increasing the number—
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  • Jun/17/24 6:31:11 p.m.
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Mr. Speaker, I am all in favour of rum tasting. In response to the question, there is a reason why nine in 10 young people have entirely given up on the dream of home ownership. We are building fewer homes today.
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  • Jun/17/24 6:31:51 p.m.
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Mr. Speaker, in terms of home ownership, we see fewer homes being built today than we did in 1972. That is more than 50 years ago. In terms of the macroeconomic policy of the current government, fuelled by taxes and overspending, even Scotiabank has said that 2% of the rate hikes are attributable to government overspending by the Liberals. That is causing massive pain to those renewing their fixed and variable-rate mortgages. It is having a direct impact on the ability to access home ownership. It is also exacerbating the issue of people's ability to save for a down payment.
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