Mr. Speaker, we actually have the highest mortgage debt of any country in the G7, and by far. It is higher, as a share of our economy, than the Americans had during the mortgage meltdown. Now, interest rates are higher and families risk losing their homes. Government deficits push inflation and interest rates higher, and that makes the problem worse. Therefore, once again, how much would $300 billion of yet more debt add in mortgage payments for the average Canadian family? How much?
In the House of Commons on May 1st, 2024. See this statement in context.