The federal Conservatives have been delaying a committee vote on the Liberal government’s omnibus budget bill over the past month in a bid to help prevent a nationwide mortgage-payment crisis from occurring by 2025, says Conservative Party leader Pierre Poilievre.
Poilievre said during a press conference in Ottawa on June 5 that he believes the federal government’s Budget Implementation Act—or Bill C-47—will lead to “$60 billion of inflationary deficits.”
“We think it’s a crisis,” Poilievre told reporters.
“We think that what is going to happen if we do not get inflation and interest rates under control now, that in 2025, 2026, 2027—when this massive bubble of mortgages comes up for renewal—they’re going to be hit with higher interest rates and we’re going to have massive bankruptcies.”…