44th Parl. 1st Sess.
April 8, 2022 10:00AM
- Apr/8/22 11:04:44 a.m.
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Mr. Speaker, the Deputy Prime Minister and Minister of Finance tabled a budget yesterday that will invest in the backbone of a strong and growing country: our people.
Sherbrooke is experiencing a serious housing crisis. The measures set out in the budget to increase the number of housing units and speed up housing construction and repairs will help families, workers and seniors find a safe and affordable place to call home.
Here is what we are doing to ensure that more housing will be available and to meet our target of keeping the rental price of at least 40% of new housing at or below 80% of the average market price. We are encouraging cities to build more homes. We are launching a fund tailored to the needs and realities of cities and communities. We are building affordable housing faster. We are extending the rapid housing initiative. We are creating a new generation of co-op housing. Finally, we are continuing to provide doubled annual funding for Reaching Home.
This is good news for the people of my riding.
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- Apr/8/22 11:22:18 a.m.
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Mr. Speaker, the member opposite raises the issue of housing, which happens to be one of the themes of our budget of yesterday. Housing is an important way that we are going to help Canadians deal with the increased cost of living.
Housing is incredibly important for us right across the country, and we are the government that has invested the most in the creation of housing. Ninety per cent of the investments in our budget on housing are on the supply side, because we are going to build homes.
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- Apr/8/22 11:32:05 a.m.
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Mr. Speaker, affordable housing is not just good social policy; it is a powerful economic policy as well. Our government will increase housing supply by doubling residential construction across Canada over the next 10 years. We will ensure that homes are treated as a place for families to live instead of as an investment vehicle. We will build new pathways for first-time homebuyers. In Canada, everyone deserves a place to call home, and budget 2022 is going to help make that a reality.
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- Apr/8/22 11:48:26 a.m.
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Mr. Speaker, I thank my colleague for that very important question.
All across the country we have seen housing become unaffordable. That is why housing is the centrepiece of budget 2022. We are making unprecedented investments to double housing construction, help Canadians buy their first homes, cut unfair practices that drive up the price of housing and support the construction of affordable housing. We did this through federal leadership, and we will continue to deliver the homes people need all across the country.
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- Apr/8/22 11:52:50 a.m.
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Mr. Speaker, no government in Canadian history has invested more in the creation of housing than our government through this budget. We are there in order to ensure that more homes would be created—
Some hon. members: Oh, oh!
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- Apr/8/22 1:25:41 p.m.
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Mr. Speaker, I just listened to my colleague's speech, in which he talked about the need for housing, which is pressing in Quebec and especially in my riding.
The vacancy rate in the city of Rimouski is 0.2% right now, and that is unprecedented. The city has the fourth-worst rate in Quebec. The national housing strategy announced by the Liberal government in 2017 allocated $40 billion over 10 years. We are halfway through that time frame, but the government has not yet invested half of that amount. Even the Parliamentary Budget Officer predicted that the targets set by the government would not be met.
Yesterday's budget announced $4 billion over 10 years to create 100,000 new homes. We need 100,000 new homes in the next five years just in Quebec.
Can my colleague explain to me how the money announced yesterday is really going to help address the housing crisis?
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