MPs Vote Against Motion Calling Freeland to Testify on Impact of Interest Rate Increases on Mortgages

Deputy Prime Minister and Finance Minister Chrystia Freeland arrives for a cabinet meeting on Parliament Hill in Ottawa on April 18, 2023. The Canadian Press/Sean Kilpatrick

A motion to question Finance Minister Chrystia Freeland over the coming impacts of interest rates on mortgage renewals was voted down by the House of Commons finance committee on Aug. 11.

“We are not paying close enough attention to what is happening in the mortgage market," said Conservative MP Adam Chambers, who sponsored the motion.