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Yesterday I asked why the Liberals took away CMHC insurance when Canadian families refinance their mortgage. The "Talking Point" in response was about the mortgage stress-tests and long term affordability. It's alarming Liberals don't seem to know the difference between stress-test requirements and taking away CMHC insurance.
Will the Liberals reverse this punitive and damaging change? Today I asked the Liberals why they are taking away CMHC Insurance when Canadian families re-finance their mortgage.
At the Finance Committee we have heard people re-finance in order to invest is a small business; undertake home renovation projects, to get through an extended strike or lockout, unemployment - even matrimonial divorce These changes will result in Canadians paying higher interest rates when refinancing a mortgage - this in turn hurts middle class homeowners and also will adversely impact many real estate related industries. As I discovered today in question period the Government still refuses to tell Canadians why they are making these punitive changes. I will continue to press for an answer. The other day I was on CPAC talking about yet another broken Liberal promise. I think that regardless of your opinion on electoral reform, we can all agree that we've seen this before: Another day, another broken Liberal promise. First the size of the deficit, now electoral reform, what's next?
Why does the Liberal Government think middle-class Canadians should pay higher interest costs when they need to access their home equity?
If you are refinancing your home access your equity the cost of doing that are going to greatly increase as a result of much higher interest rates. Even the Liberals own witnesses at Finance Committee chastised this damaging new policy that will harm middle-class Canadians. Democracy in this great country belongs to the people and not to the Liberals. I employ this Liberal Government to stop treating democratic reform like a circus sideshow, and give Canadians the voice they deserve with a true democratic referendum guided by proper process.
 Had some fun on CTVPowerPlay last night, promoting BC Wines and advocating for inter-provincial trade!
View some more photos on Facebook: fb.me/DanAlbas4COSN The Liberals are making it more difficult for Canada's most vulnerable to access care. Canadian doctors have warned that thousands of medical specialists could leave to the United States thanks to the Liberal's new tax hikes.
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