Finance minister defends Liberal budget measures as sales effort gets underway

TORONTO — Federal Finance Minister Bill Morneau kicked off his post-budget sales effort Wednesday, defending his Liberal government’s strategy of investing in consumer confidence and deflecting suggestions that it could lead to higher home prices in overheated urban markets.

“When we think about the overall home-buyer market, we have roughly half a million home purchases a year, but 100,000 of them are first-time home buyers,” Morneau told a news conference after an early-morning speech to the Empire Club in Toronto. “All these measures to increase supply, which is fundamentally what we need in markets like Toronto and Vancouver, and then very targeted issues around how we can help first-time home buyers,” he said.Even as Morneau spoke, Conservative Leader Andrew Scheer was addressing caucus members in Ottawa, portraying Justin Trudeau’s Liberals as a big-spending government with nothing but disdain for the idea of balanced budgets.

“Canadians who don’t have family fortunes like him know … that you can’t borrow your way out of debt and you can’t make other people pay for your mistakes.” “That approach has clearly worked — we have a much better situation for Canadians with better job numbers and fewer people struggling to get by than we had three and a half years ago; we’re going to keep investing in that way.”

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