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House Hansard - 45

44th Parl. 1st Sess.
March 24, 2022 10:00AM
Context: House Hansard - 45 - Mar/24/22
Ms. Laurel Collins (Victoria, NDP)
  • Mar/24/22 2:16:00 p.m.
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Mr. Speaker, there is a critical shortage of affordable housing in my community. Many people have given up on the idea of ever owning a home, but even finding an affordable place to rent is getting further and further out of reach. B.C. has not been getting its fair share of federal funding under the rapid housing initiative. Worse still, the supply of older rental stock is being bought up by REITs, real estate income trusts, that use tactics like renovictions to jack up rent, pushing people out of their homes and removing affordable units from the market. Housing advocates and the City of Victoria are calling for a federal acquisition fund to give local governments and non-profits the quick capital to buy properties at risk of being bought up by these predatory REITs. We must preserve our existing affordable housing stock. It is time for the federal government to return to the table as a true partner with municipalities, indigenous governments and co-operatives to stop treating housing as an investment and start treating housing as a human right.
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