Mr. Speaker, today, we are seeing yet another human tragedy unfold because of the huge, unexpected interest rate hike, which is going to force Canadians to either sell their homes or default on their payments.
The Prime Minister promised that interest rates would stay low for a long time. However, his spending fuelled inflation, forcing the Bank of Canada to raise interest rates.
How much will the average family see their monthly mortgage payments go up by over the next three years?