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House Hansard - 58

44th Parl. 1st Sess.
April 26, 2022 10:00AM
Context: House Hansard - 58 - Apr/26/22
Mrs. Cathay Wagantall (Yorkton—Melville, CPC)
  • Apr/26/22 1:21:22 p.m.
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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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