Mr. Speaker, one of the ways that the Prime Minister doubled housing costs was by flooding the economy with $600 billion of newly created cash, which bid up the price of homes and forced Canadians to overpay. Then many bought at rock-bottom low rates because he promised that they would never go up. His inflationary deficits pushed them up, and now one-fifth of all Canadians are actually unable to pay the interest on their mortgages. Their mortgages are growing in size and when they renew, it will be on a bigger principal at a higher rate.
How many Canadians will go bankrupt? Will we have a mortgage crisis when that happens, yes or no?