Madam Speaker, it is always an honour to rise in the House and, today, to speak on behalf of the hard-working people of Flamborough—Glanbrook, whom I serve. This time, I am speaking about Bill C-47, the budget implementation act.
I would like to focus on three areas in my speech today. First, there is the out-of-control inflationary spending and deficits that are driving up the cost of living and interest rates for people in my riding and across Canada. Second, there are the tax increases that are being piled on at a time when Canadians can least afford it. Third, there is the desperate need in this country to have homes people can afford.
First, the $46-billion bonanza of new spending in the budget is on top of the billions in wasteful spending that we have seen in the last few years from the government. Certainly, it makes for great photo ops for government ministers and MPs, but all this spending is adding inflationary fuel to the already raging affordability fire. Gone are the fiscal anchors and guardrails.
What does this mean for people in my riding and across Canada? I will paint a picture for us of what is happening at kitchen tables in suburban communities in my constituency like Waterdown, Binbrook or Mount Hope. For context, this is a five- or six-hour drive from this place, both literally and figuratively removed from the Ottawa bubble that the out-of-touch Liberals live in here.
I know this from the hundreds of conversations I have had with constituents in the past few months, particularly the last couple of constituency weeks, when I had a number of meetings across the riding. These are typically young families, often new Canadians, who have moved to fast-growing suburbs of the Hamilton area at the western end of the GTA. They have done so, over the last five to seven years in particular, in search of a home in which to raise their children. A detached family home is attainable for these couples, who often have two incomes, in these communities.
Certainly, the prices in Toronto or Mississauga, where these people have come from, are far more out of reach. They have come here in search of more affordable living. They feel fortunate because at least they got into the market before the prices skyrocketed.
There are others they speak to in their peer groups who have good jobs but cannot even contemplate saving up enough for a down payment, particularly when that has doubled since the Liberals took office. Moreover, they do not have the means to qualify for the million-dollar-plus mortgage that would be required, given the average cost of housing in the area.
These families and individuals are really worried right now. A lot of them are at the point where their five-year mortgages are coming up for renewal. Interest rates, of course, have gone up. Some of these people have seen their renewals cause their mortgages to double or be hundreds of dollars, maybe even a thousand dollars, more of their monthly budget. That is a real punch to the gut.
This comes at a time when they are also dealing with credit card bills that are mounting. This is because, far too often, there is more month left at the end of the money. They have also just gotten their natural gas and home heating bills and noticed a significant increase not just in the cost of natural gas but also in the line items, with the carbon tax and then the tax on top of the carbon tax, the HST, on their bill. There was an article in the local weekly paper about this recently. This has been another hit to their budgets.
They are also often commuting to work. Filling up their tank is now taking a bigger bite of their household budget. Of course they are feeling squeezed.
We know that groceries are up almost $1,100 for the average household in Canada. Often, it is more. The carbon tax has been added and increased for home heating, groceries and, of course, driving a vehicle. That is all expensive. There are no savings for these individuals to dip into.
This is the reality at the kitchen tables across the GTHA and across the country. There is worry. There is concern. We have also heard, from recent polling, that six in 10 people are looking at cancelling their summer vacation plans because of this.
That is why this Liberal budget is so disappointing. It really makes matters worse. It has more inflationary spending, more deficits, more money wasted and billions of dollars in contracts to high-priced consultants. Certainly, the Auditor General found billions in COVID supports that were sent to people like prisoners and dead people.
All this inflation means more dollars chasing fewer goods. It is driving up interest rates, which are really the cruellest tax of all. The budget makes matters worse by not getting this inflationary and wasteful spending under control. When we are on track to spend almost as much or more on interest on the national debt than on transfers to the provinces for health care, as we are now, we know something is very wrong.
As my hon. colleague from South Shore—St. Margarets pointed out in his speech on this bill last Friday, every prime minister since former prime minister Pierre Trudeau, who was responsible for the original debt-and-deficit binge of the 1970s and 1980s, ran operating surpluses. That includes Mulroney, Chrétien, Martin and Harper.
We are now back to operating deficits. Canadians are paying the price, with 40-year high inflation and now eight interest rate hikes over the past year. It is no wonder young families, seniors on a fixed income and new Canadians trying to make a fresh start in our blessed country are sitting worried at their kitchen tables.
If inflation and interest rate hikes were not enough to handle in this cost of living crisis, taxes are also up in this budget. This is an incredible thing during the worst cost of living crisis that Canadians have seen in a generation.
We know the carbon tax went up on April 1. That is increasing the cost of three essentials: home heating, gas for vehicles and groceries. It is also increasing an unmanageable tax burden on our farmers, the ones who produce our food.
Fortunately, members on this side of the House supported Bill C-234 from my hon. colleague from Huron—Bruce to remove the carbon tax from farm fuels, the heating and cooling of barns, and farm production. We hope the Senate passes it quickly.
Farmers feed our cities. Canada feeds the world. It is especially important now in the time of Putin's illegal war against Ukraine that Canada be there to feed the world. We should be encouraging this world-class and world-leading agriculture in our country and the agri-food industry in every way possible, not taxing it to death.
The excise tax also went up on April 1, despite a motion from this side of the House to pause that increase this year. Canada already has among the highest excise taxes in the world on wine, beer and spirits. We certainly have some outstanding wineries. There is one in my riding. There are many just down the road in Niagara. There are some cideries and craft breweries. They are being punished by this escalator tax. In fact, this is hampering their competitiveness. That is a shame.
I am running out of time, so I want to touch very briefly on the third area where I think the budget is failing, which is bringing in homes that people can afford. For new Canadians and young people, the dream of working hard, staying focused on goals and achieving home ownership is fading. It is really sad to me that nine out of 10 people who do not have a home today have given up on the dream of home ownership.
We have seen under the Liberal government that down payments and mortgage payments have doubled. How is it possible to get into the market? I am the grandson of Dutch immigrants who came to Canada with nothing from war-torn Europe after World War II. They built a better life for their families by doing exactly that. They worked hard. They built a modest, middle-class life through hard work and sacrifice.
After eight years of the Liberal government, the dream that Canada is the land of hope and opportunity is no more. We know the CMHC said that Canada needs to build 3.5 million more homes to reach the projected number to restore affordability.
We are in a time when the cost of living crisis is ravaging many Canadian households. They need better than what is in the budget implementation act. Families are struggling, and 1.5 million or more are going to food banks. They need better. Our economy needs better.
Conservatives stand ready to deliver and unleash Canada's great potential for everyone.
