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House Hansard - 58

44th Parl. 1st Sess.
April 26, 2022 10:00AM
Context: House Hansard - 58 - Apr/26/22
Mr. Patrick Weiler
  • Apr/26/22 1:22:16 p.m.
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Madam Speaker, indeed this is a measure that is put in place for two years, and we will be able to monitor the impacts and benefits of this measure to determine what the path forward is at that point. We want to make sure that homes in Canada are used for people who actually live here and not as investments, and this will make sure that we are able to do just that. I would caution a bit that this is certainly going to have an impact, but not a huge impact, as the experience from B.C. shows. However, I would also mention that as we are doing this measure we are also accelerating our path forward on a beneficial ownership registry. This will give all governments the tools to make sure that housing in Canada is not being used to evade taxes, for money laundering, or in other areas that are also boosting the price of real estate, so it is part and parcel of our overall fairness in real estate action plan.
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