SoVote

Apr/26/22 10:32:54 a.m.
Watch

Madam Speaker, we have been investing in Canadians from the moment we came into government. Right here in my community, as I was mentioning, we have seen a tremendous amount of investment in affordable housing. In the past, under the previous Conservative government, the federal government was nowhere to be seen in the business of building new affordable housing. In fact, I had the honour of serving at the provincial level, and back then, in Ontario, we were working very closely with our local municipalities and we only wished that the federal government was at the table so that we could really address the issue of chronic homelessness. That is the kind of investment our government has been making. Another good example is the child benefit, to ensure that we bring children out of poverty. All of those things helped us get through this pandemic. Now it is time to work on the next set of postpandemic recovery plans.

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Context: House Hansard - 58 - Apr/26/22

Mrs. Cathay Wagantall (Yorkton—Melville, CPC)

Apr/26/22 1:21:22 p.m.
Watch

Madam Speaker, the member talked about the action the government is going to take in reducing foreign investment in Canadian real estate for the next two years. That is a great idea that came from the Conservative platform. I have two quick questions for him in regard to that. We indicated that in two years it would be reviewed again. Two years is a short term for people who have investment plans, so would the government be looking at that? Does the member feel the government needs to make sure that it readdresses that? Also, there is a loophole, and I have heard this from people in the Lower Mainland. This does not prevent students coming to Canada from having their parents purchase housing when of course they are here for the short term, on student visas. Does the member see that as a potential loophole that is harming Canadians' ability to afford a home?

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All Topics

Context: House Hansard - 58 - Apr/26/22

Mr. Patrick Weiler

Apr/26/22 1:24:23 p.m.
Watch

Madam Speaker, I would like to thank my colleague for his question. The budget includes investments in the rapid housing initiative. I think that it is an important program for the most vulnerable Canadians. However, it is not the only investment. We also plan to invest in co-operatives. It will be the largest investment in 30 years. There are also other investments to consider, such as the housing benefit and the additional $500 payment, which are also positive measures. I believe that all of these investments amount to $14 billion. However, we must work very hard with the provinces and municipalities to do more for the most vulnerable Canadians.

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Context: House Hansard - 58 - Apr/26/22

Mr. Francis Scarpaleggia

Apr/26/22 3:43:04 p.m.
Watch

Madam Speaker, it can in certain circumstances, but I do not think the member would like to argue that the massive amount of spending that took place during the depths of the pandemic was crowding out private investment. It is quite the contrary. It was helping to maintain private investment and was shifting the debt burden from individual Canadians to the government. If one looks at the recent budget, it allocates only about $31.2 billion in new spending over the next five years. That is about $6 billion a year. That is less than what is being invested in the REM project in Montreal.

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