October 2022 MP Report – Calgary Centre – Greg McLean

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Friends,

I hope you are enjoying the beautiful fall colours and the endless pumpkin themed items at the shops around the city.

My challenge as your representative in Parliament is to get this government focused on the issues that I think matter most to Canadians – which includes the escalating cost of living. For new families, I am still particularly concerned about the financial demands of owning a home. Higher interest rates will demand more financial costs in a home purchase – but the increase in the cost of housing in Canada over the past seven years has been atrocious and speaks to the failure of governments and their advisory bodies to properly adjust to changing demographics in different cities. My largest worry is for those who purchased a home at the height of the housing market, when interest rates were low. With the valuation adjustments that arise due to rising rates, equity value will decline. That decline doesn’t affect the bank and the amount they are owed; it only affects the homeowner’s value.

It is one more area where I have seen that the Government of Canada has not been focused on the effects their policies are inflicting upon Canadians. Add rising fuel and food prices – both near historic highs – and we are seeing an inflationary mix that is leading to economic decay in our country. We need to reverse this trend.

My office staff are here to serve you. Please don’t hesitate to contact my office for any assistance at [email protected] or by phone at 403-244-1880 and keep up to date on my work in Parliament on my website, GregMcLeanMP.ca.

Sincerely,

Greg McLean

MP – Calgary Centre Greg McLean proudly serves the following Communities: Altadore, Alyth, Bankview, Bel-Aire , Bonnybrook, Britannia, Burns Industrial, Chinatown, Cliff Bungalow , Connaught (Beltline), Currie, Downtown East Village, Downtown West End, Eau Claire, Elbow Park, Elboya, Erlton, Garrison Green, Garrison Woods, Highfield, Inglewood, Killarney-Glengarry, Lincoln Park, Lower Mount Royal, Manchester, Manchester Industrial, Marda Loop, Mayfair, Meadowlark Park, Mission, Mount Royal, North Glenmore Park, Parkhill, Ramsay, Richmond-Knob Hill, Rideau Park, River Park, Roxboro, Rutland Park, Scarboro, Scarboro/Sunalta West, Shaganappi, South Calgary, Sunalta, Upper Mount Royal, Victoria Park, Windsor Park