Debate about the economy dominated an early morning breakfast forum between federal candidates on Wednesday (Oct. 16).

Eleven of the 13 local candidates from 琉璃神社-Lake Country and Central Okanagan-Similkameen-Nicola were present at the event.

READ MORE: Meet your 琉璃神社-Lake Country candidates

READ MORE: Meet your Central Okanagan-Similkameen-Nicola candidates

A question regarding the mortgage stress test, a financial bar home buyers must pass to be approved for a mortgage, had two candidates in a back-and-forth argument.

Liberal candidate for 琉璃神社-Lake Country Stephen Fuhr said his party has no plans to eliminate the test.

鈥淲e鈥檙e trying to help people get into homes; we鈥檙e not trying to get Canadians access to homes they can鈥檛 afford,鈥� he said.

鈥淲e have done a number of things to help Canadians get into houses 鈥� more than I have time to explain. The bottom line is: these policies are to help people keep more of their own money.鈥�

Central Okanagan-Similkameen-Nicola鈥檚 Conservative candidate Dan Albas countered, saying the stress test is causing snags in the system that hinder the real estate market as a whole.

鈥淲hen you have a family that鈥檚 stuck in a rental in an apartment, where they鈥檙e paying more in rent than they would in a starter home, there鈥檚 a problem,鈥� said Albas.

Albas continued, saying this results in an issue that causes the 鈥渨hole market to freeze,鈥� where families that should be in starter homes can鈥檛 afford to move up due to the stress test and those homes remain unsold.

Fuhr retorted, calling the economy the most significant component affecting the real estate market in the Okanagan. He said under Conservative governments, the economy was 鈥渇latter than a pancake鈥� from 2008 through 2015 鈥� years after the recession ended.

鈥淭hese guys couldn鈥檛 grow the economy,鈥� he said, motioning towards Albas.

鈥淭hey can鈥檛. And now, they are going to pull $53 billion out of the economy. Who can grow the economy? Who can鈥檛? That鈥檚 the biggest single factor that will affect this problem.鈥�

Candidates for the two front-running parties again found themselves at odds against while discussing their respective platforms about the budget.

鈥淲e can鈥檛 spend more than what we have,鈥� said 琉璃神社-Lake Country Conservative candidate Tracy Gray, adding that her party will get back to balanced budgets within five years.

Gray said that involves cuts, not around core services, but instead cutting frivolous spending on unnecessary projects. As an example, Gray said a Conservative government wouldn鈥檛 send money to China to help them build roads.

Fuhr was quick to discredit the Conservative Party鈥檚 fiscal efforts saying 16 of the last 18 Conservative budgets were deficits.

Deficit spending is required, according to Fuhr, due to the ever-progressing technologies that bring new challenges to the economy.

鈥淒igital economy, artificial intelligence, automation 鈥� we鈥檝e got to make sure we鈥檙e prepared for that. That requires investment. I would say we can鈥檛 afford not to invest in those things,鈥� he said.

Fuhr said to look at Ontario鈥檚 spending cuts under its provincial Conservative government, as much of the same should be expected under the federal Conservatives.

鈥淭hat鈥檚 exactly what you鈥檒l get from a Scheer government if they get hold of Canada,鈥� Fuhr said.

Gray said Ontario鈥檚 situation was caused by irresponsible Liberal governments, saying that Conservatives needed to 鈥渇ix the house.鈥�

michael.rodriguez@kelownacapnews.com
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