Mr. Speaker, the Minister of Finance's mortgage rule changes are failing to fix the problems in Vancouver and Toronto and are hurting markets in Atlantic Canada, which are already depressed.
Sherry Donovan, of the Nova Scotia Home Builders' Association, told the finance committee that the Atlantic provinces are “still in deep recovery mode from the weak economy.... These new mortgage rules are exacerbating the problem by hurting the entire economy”.
Will the minister stop kicking the Atlantic provinces when they are down and reverse his ill-advised decision? Why will the 32 Liberal MPs from the region not stand for Atlantic Canada?