Government Orders
Mr. Chair, maybe the President of the Treasury Board can help by telling us the average cost of a house in the nation's capital.
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Mr. Chair, my question is for the minister of middle class prosperity, who is a member of Parliament here in Ottawa. What is the average cost of a home in the city of Ottawa?
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Mr. Chair, I think that the average Canadian can see how much the government knows and cares about the cost of buying a home in this country. The government members' level of care is zero. I am going to give the member one last chance. Can he tell us what it costs the average Canadian to buy the average house in Canada today?
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Mr. Chair, he is allowed to say that he does not know.
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Mr. Chair, the question was about land price inflation. How much have land prices inflated in the last year?
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Mr. Chair, why is the minister hiding the true number of people not living in Canada who got the CERB?
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Mr. Chair, so the only number we are getting is nine million when I ask how many people took the CERB who did not live in Canada. If nine million is not the right number, which number is?
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Mr. Chair, fraudulent CERB recipients was the question. How many?
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Mr. Chair, does the Finance Department brief associate ministers on matters related to finance?
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Mr. Chair, do they provide briefing notes?
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Mr. Chair, is there a minister involved in finance who can answer questions?
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Mr. Chair, the question was about debt. How big is Canada's national debt today?
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Mr. Chair, how much new debt per person?
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Mr. Chair, how much new debt per man, woman and child?
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Mr. Chair, how much debt per man, woman and child has the government added?
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Mr. Chair, will oil tankers still be coming from the Middle East to the Saint John refinery?
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Mr. Chair, how much new debt per Canadian has the government added?
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Mr. Chair, there is no affordability to focus on. How much have house prices risen in the last year?
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Mr. Speaker, in order to supply themselves with cheap cash for their record deficits, the Liberals had the central bank flood lending markets with $400 billion of cash. We now learn that $192 billion of that overflowed into mortgage markets, and a quarter of all mortgages outstanding today are low quality and variable rate, which are highly subject to increases in interest rates. That has inflated…
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Mr. Speaker, it is always reassuring to have your credit rating backed up by those who said subprime mortgages were rock solid in late 2008, but the question was about Canada's housing bubble. I have asked the minister eight times now in the House of Commons if we have a housing bubble. Raj wants to know. He is driving Uber in addition to having an IT job in order to save up over the next 15 years…
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Mr. Speaker, it is no surprise that the finance minister is running away from her record on housing inflation. After all, since she took the job, prices are up by 20%. Since this government took office, they are up 58%, almost $300,000. They really started to rise when the government started to flood financial and mortgage markets with $400 billion of easy money, which has raised not only house pr…
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Mr. Speaker, the member loves to quote the Liberal, state-funded media to defend herself. Well, let us do that. Let me quote The Globe and Mail, which wrote, “The Liberal government is asking Parliament to approve billions of new spending during a brief four-hour sitting in Ottawa but is facing questions because it has not released a full accounting of how it spent more than $600 billion last year…
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Mr. Speaker, despite the fact that Canada has the second-biggest housing bubble in the world, according to Bloomberg, and Vancouver and Toronto are the second and fifth most unaffordable housing markets on earth, according to Demographia, the Liberal media and the Liberal government want me to stop talking about housing inflation. Who does not want me to stop talking about it? Raj, who is an IT wo…
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Mr. Speaker, I wish she would go on because she loves to quote Liberal media commentators. One of the articles she quoted earlier actually talked about how she put manipulative media on Twitter, making history as the first minister in Canadian history to be sanctioned by a social media company for sharing misinformation online, so enough with the misinformation. The question was about housing pric…
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Mr. Speaker, the more the Prime Minister spends, the more it costs. Housing prices have gone from $450,000 under the last year of the Conservative government to $716,000 under the government, up 32% in just over a year. We now have the biggest housing bubble in the world outside of New Zealand, and Toronto and Vancouver are the fifth- and second-most expensive housing markets in the world, ahead o…
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Mr. Speaker, when the Conservatives were in office, it cost less to own a home. The average family could buy a place for $450,000, not the $720,000 of today. Why are prices rising so suddenly? Well, the number of wealthy landlords buying houses went up by 100% since March 2020, according to the Bank of Canada. What happened in March 2020? That was when the government began printing money, flooding…
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Mr. Speaker, let us get this straight. When Conservatives were in power, according to the minister, we spent $250 million on housing, and the average house cost Canadians $450,000. With Liberals now in power, they are spending 27 billion tax dollars, and the average house costs $720,000. Housing is now not just more expensive for taxpayers, it is more expensive for homebuyers. Failing is bad. Fail…
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Madam Speaker, it has been my practice to consider my response to the Speech from the Throne to be my maiden remarks in every Parliament, and I want to begin by thanking the good people of Carleton for electing me a seventh time to this chamber. They have vested their trust in me and I am deeply humbled by it. I want to thank my wife Anaida, my daughter Valentina and our new son baby Cruz. Cruz wa…
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Mr. Speaker, that is a very good question. What is the cause of real estate inflation? First, it is not COVID-19. It should actually have driven housing prices down. There is no immigration, so there are fewer consumers buying houses; wages are lower, because people have lost their jobs; and there is a lot more uncertainty, which usually discourages people from buying anything at all; yet prices h…
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Mr. Speaker, maybe the Prime Minister will listen to the Deputy Prime Minister's book, and in that book she could explain how she has managed to create the second-biggest housing bubble in the world. In fact, Vancouver has the second-highest home prices on earth. Toronto is number five. They are more expensive than Manhattan; San Francisco; London, England; and other places with far less land, far…
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Mr. Speaker, he seems to be bragging that he is the most expensive housing minister in Canadian history. Not only are Canadians spending more when they buy a house, but now they have to pay more on their taxes for the failed programs that this minister and the government put in place to inflate the housing bubble to begin with. Canada has the second-biggest housing bubble in the world, behind a ti…
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Madam Speaker, I thank the member for his kind words. I have enjoyed conversations with him. In fact, I had the chance to meet his lovely children, who were on Parliament Hill just last week. I think he is preparing them to run for office, although he had better be careful, because he might not have long in his seat if one of them is too ambitious. That said, I congratulate him on his election and…
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Mr. Speaker, if the hon. member thinks that somebody cancelling their $3,000 vacation is what caused housing prices to rise 25% in one year, one-third since COVID, then he needs to pull out his calculator and do a little more math. What actually happened is that mortgage lending went up 41%, most of it going to rich people and wealthy landlords, after the Bank of Canada began printing its $400 bil…
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Mr. Speaker, 27-year-old José of Greely called me on Friday from his parents' basement. I see the Liberals are laughing about that. He cannot afford a home. He has a job, the same job his mother had in fact, but while her family could afford a two-acre lot and a nice property to raise the kids, he cannot even afford a condo. He wants to know why, during COVID, while wages were down and immigration…
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Mr. Speaker, the problem for José is he cannot start a family without a house and he cannot get a house because, under the current minister, housing prices are up 20%, led by increases in land prices. We cannot blame land prices on supply chains, because land does not have supply chains. The reality is this. We have the second-biggest land mass in the world and the second-biggest housing bubble on…
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Mr. Speaker, the minister's defence on housing is that not only are homes more expensive under the current government than they were under the previous Conservative one, but also the programming is now 100 times more expensive, so now it is more expensive for homebuyers and for taxpayers. However, I noticed the Minister of Finance was too afraid to get up and answer a question about house-price in…
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Mr. Speaker, the Liberals have proven again that trickle-down economics does not work. They said that if they printed cash, gave it to government and bought up financial assets, this money would eventually trickle down to the working people. In fact, it all stayed on the top, and the billionaires got one-third richer in the first six months of COVID while the working class saw its real wages decli…
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Mr. Speaker, of course, when the government deprives people of their income, it has to replace that income. We supported that at the very outset in the spring of 2020. However, what we did not support was having the biggest deficit in all of the G20. All of those other countries had COVID lockdowns as well. Many of them had lower unemployment and lower COVID mortality rates with a significantly lo…
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Mr. Speaker, everybody is asking the same question. Whether it is 28-year-old couples living in their parents' basements because they cannot afford the $300,000 increase in the average house price that occurred since the government took office; or the single mother walking down the grocery aisle noticing that she cannot afford nutritious food for her kids; or the senior who is watching his savings…
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Mr. Speaker, on average, G20 countries have deficits representing about 9% of their GDP. Canada's deficit was 16% of GDP, or almost double. Other countries were able to protect their citizens while limiting their deficits to about half of ours. Second, the government did not need to have a $100-billion deficit before COVID‑19. Those are choices that have nothing to do with the pandemic. They are t…
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Mr. Speaker, I was a voice in the wilderness, there is no doubt about it, as I showed up at the finance committee. I started warning people on my very first morning, in May of 2020; I started telling them that inflation would be our future if we did not stop printing money. Those warnings continued throughout the last year and a half, up until yesterday, when the finance minister completed her fli…
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“Supply and demand”, screams out an economic genius on the Liberal side of the House. From whence came that demand? Where did the money come from? When the economy had just lost $100 billion and everyone was locked in their basement, where did the demand come from? It came from the printers in the government money-making machine. The money-making machine started printing cash in the spring of 2020…
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Mr. Speaker, certainly this party is going to carefully study the legislation before simply giving a check mark for the government to push another $7 billion out the door. We all know that when the Liberals get to spend without scrutiny, money ends up in the hands of organized criminals, of prisoners and of people whom the public servants suspect of fraud. It ends up in the hands of corporate CEOs…
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Mr. Speaker, the member is absolutely right. Not everyone had a multi-million dollar private country mansion built for them with taxpayers' money right in the middle of COVID either, unlike his leader. Very clearly, we would not have paid corporations a subsidy for their dividends and their CEO bonuses. We would not keep paying people not to work now that there are a million vacant jobs in Canada.…
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Mr. Speaker, I want to congratulate the finance minister on her flip-flop today. She had said that deflation was a bigger risk to Canada than inflation. Now that Canada has the second-highest inflation rate in the G7, higher than the eurozone and higher than most of our competitors, and the second-highest housing inflation of any country on earth, she has admitted that we have an inflation crisis.…
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Mr. Speaker, my reason for rising is the need for an emergency debate on the Liberal inflation tax. As the Speaker knows, half-a-trillion dollars of Liberal inflationary Liberal deficits mean more dollars chasing fewer goods leading to higher prices. It is a long-proven statistical correlation that when governments run huge deficits and print money to pay for it, prices rise for everything and eve…
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Mr. Speaker, it would be impossible to listen to what she has to say about inflation, because before today, she had not even mentioned the word. She suggested that we would have deflation. As for the claims of her Liberal media friends, they are disproven by the fact that countries all over the world, including five of the other six G7 countries, have lower inflation than Canada, and every country…
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