00:00:55.400I predicted it because it was obvious.
00:00:58.040And that's why seniors can't afford food, moms can't feed their kids, and nine out of ten young people who don't own a home believe they never will.
00:01:07.460All that easy cash bid up the cost of housing and everything else.
00:01:10.760So we need to reverse those inflationary policies, cap spending, fire the high-priced consultants, defund the CBC, cut the waste so that we can get rid of the inflationary deficits that are driving up inflation in the first place.
00:01:23.080We should also get rid of the carbon tax to bring down fuel, heat, and grocery prices.
00:01:30.880And then instead of creating all this cash, we've got to start creating more of what cash buys.
00:01:34.080We need to build more homes and get the government gatekeepers out of the way.
00:01:37.860I'm going to get a lot tougher, frankly, with incompetent left-wing big city mayors who block housing construction and therefore shut working-class immigrants and youth out of housing.
00:01:48.540Very good for the privileged elites living in leafy neighborhoods, the woke wonderland where they sit around reading the New Yorker magazine in their overpriced house, but not great for the working-class kid who can't afford a home.
00:02:01.560So I'm going to tie federal infrastructure money to the number of houses that big cities allow to be completed, and I'm going to require that there be high-density housing around every federally-funded transit station.
00:02:11.120I'm going to sell off 15% of federal buildings, turn that into housing, so that people can actually get into a house.
00:02:16.840I actually believe the single biggest cause of social breakdown right now is the fact that young people can't afford homes, because it totally screws up their entire psychology.
00:02:26.880They lose a sense of self-agency if they can't own a place of their own.
00:02:34.160They can't build up credit history, collateral, or savings for the future.
00:02:39.160So we need to knock down the barriers to housing construction, build millions of new homes, and then cut income taxes so people's paychecks can afford more mortgage payment and more house.
00:02:49.320And that's what a poly of government's going to do.
00:02:51.780Do you think there's a cultural problem of people wanting to live in the very cities that they can't afford to live in?
00:02:57.420Do you think something is perhaps missing where people should be going to different parts of the country?
00:03:01.940We should be putting government offices in more remote parts of the country, places where it is more affordable to live?
00:03:07.800Well, look, I'm not against any of that.
00:03:12.060And I think people who want it should have that chance.
00:03:15.100But ironically, the federal government is attacking rural living as well.
00:03:19.080Their carbon tax is particularly hard on rural folks because they have to heat more space and travel longer distances.
00:03:24.680And electric cars and bicycles are not an option if you're living in Labrador or around peace country Alberta, for example.
00:03:34.400So they're attacking the cost of living of the rural person, and now they're making cities unaffordable.
00:03:39.740So I don't know where people are supposed to be expected to live.
00:03:42.360The bottom line is we need to get rid of all these taxes and all the red tape that's driving up the cost of living because it should be easy and cheap to live in housing in Canada.
00:03:51.860You know, eight years ago, the average house price was $450,000.
00:04:03.460They've doubled the cost of housing by printing cash and blocking construction, knock down the gatekeepers, build more houses, print less money.
00:04:11.280You have existing homeowners that are being completely squeezed out of being able to afford their own mortgage payments.
00:04:17.500People that will have to renew their mortgages in the next couple of years that have no idea what that interest rate is going to look like.
00:04:23.580And obviously getting into the housing market is the greatest challenge.
00:04:26.700But there are a lot of existing homeowners right now that in three, four years could be an incredibly precarious situation.
00:04:32.700What's your prediction and what's your way out of that?
00:04:38.320Just yesterday, CIBC said one in five of its mortgage holders are actually seeing their mortgage grow.
00:04:46.940So normally you say, I'm paying down my mortgage.
00:04:49.800Yeah, you get that statement and it shows you a little bit more every year.
00:04:52.520But now people are paying their mortgages, but the overall principle is rising because interest rates on their variable rate mortgage have gone up.
00:05:02.700And therefore their mortgages, so when they go to renew, their payments are going to explode.
00:05:06.740I think the real cliff is coming in 2025 and 2026.
00:05:11.800Because it was in 2020 and 2021 that people bought the massively overpriced houses with the huge mortgages.
00:05:19.100And if they locked in for five years, well, they'll be up for renewal in 2025, 2026.
00:05:23.660So I'm very, I mean, I will be prime minister at the time.
00:05:26.440I'm going to have to deal with this major cliff that Trudeau and the Bank of Canada have sent our homeowners towards.
00:05:34.860And I think the only way to deal with it is to try and get spending under control now so that we bring down inflation and interest rates before those people have to renew.
00:05:43.920Despite the vote across party lines largely in favor of an inquiry into China's interference in Canada's elections,
00:05:51.420Justin Trudeau has come out and basically written off the idea of having an inquiry.
00:05:55.960Now, I don't want to put too much stock in an inquiry as being the best venue for accountability,
00:06:01.200but simply put, what do you think is the best way to get to the bottom of this?
00:06:06.680We do need a public inquiry that can requisition documents, force testimony under oath.
00:06:14.760But we also need Parliament to continue its examination because what I don't want to see is for the Liberals to create an inquiry that shuts down the debate,
00:06:24.280doesn't start for four months, is largely done in secret, and doesn't report until after the next federal election,
00:07:54.440And if you were to find out as candidates again, what would the approach you'd take be?
00:07:59.760Well, I have to find out if they knew, because the reports that we've seen in the media so far
00:08:04.400are not clear on whether the 11 candidates were aware of the involvement.
00:08:09.200It could have been undercover involvement.
00:08:12.720But if they did know, then obviously they'd have to be removed from the party.
00:08:17.160What's your take on where the Liberals, if I can just be frank, weakness on this issue is coming from?
00:08:22.620And do you think it is that they're just trying to avoid any level of scrutiny that could blow back on them?
00:08:27.440Or do you think there is genuinely a soft spot for China from this government?
00:08:30.600Well, I think the soft spot is in their wallets.
00:08:36.560Corporate Liberals have been making grand fortunes doing business with Beijing and the government there for many years.
00:08:44.680It's no secret that Liberal Inc. loves to do business with the Communist regime.
00:08:50.120And so they have deep ties, and they fostered those ties into what appears to be a political advantage.
00:08:58.840Now the question is whether or not the Liberal Party knew, and if so, what it did about Beijing's interference in two consecutive elections.
00:09:11.040I'm not going to lay down an allegation until we know for sure.
00:09:13.580But so far, Justin Trudeau does not seem to be one of telling the truth, and that's not a good sign.
00:09:20.300You denounced German MEP Christine Anderson as, quote, hateful and racist when she was touring Canada and had met with a couple of Conservative MPs.
00:09:29.460What are the views that you ascribe to her that are hateful and racist, to use your terms?
00:09:50.520And if someone had said that about Christianity, well, we'd all be up in arms.
00:09:54.740And so I disagree with the comments that she's made, and I said so.
00:10:02.160What would your message be to the people who are supporters of yours that went out and saw her speak and felt like you were making a swipe at them, perhaps?
00:10:08.980Well, I wasn't making a swipe at them.
00:10:10.860I'm simply speaking directly and clearly, the same way I condemn Justin Trudeau for his racist blackface
00:10:17.820and for his nasty comments that he's directed at minorities, including the unvaccinated.
00:10:23.520I, the same way I denounce Maxime Bernier for attending the World Economic Forum.
00:10:31.340I think Maxime really has to come clean on why he attended the World Economic Forum, why he was involved in that,
00:10:37.320why he proposed free trade with communist China, why he said that he admires the freedoms that exist in communist China.
00:10:44.500And I would denounce him for making those comments as well.
00:10:47.000And just lastly, since we're in London, anything you're looking forward to seeing here?
00:10:49.880The people, the hardworking people here in London, the folks who do the work, who build this country.
00:10:56.020You know, I want to, I want them to bring home more of what they earn, more of each dollar they earn.
00:11:00.600And I want this to be a country that works for the people who work.
00:11:03.980And that's what we're going to bring home when I'm Prime Minister.