Mr. Speaker, the Prime Minister promised to make housing more affordable for Canadians, but we know that was not totally true. After eight years of the Liberal government, rent has doubled, housing prices have skyrocketed, doubling as well, and mortgage payments have gone through the roof. In fact, today, Scotiabank confirmed that mortgage rates have increased by 2% just due to the government's overspending.
With no other factors considered, just the government's overspending, mortgage rates have gone up by 2%, which means, on average, $700 a month extra on a family's mortgage. When will the government do the responsible thing and rein in its spending so that Canadians can afford to put a roof over their heads?