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House Hansard - 105

44th Parl. 1st Sess.
September 29, 2022 10:00AM
Context: House Hansard - 105 - Sep/29/22
Hon. Ahmed Hussen (Minister of Housing and Diversity and Inclusion, Lib.)
  • Sep/29/22 3:11:19 p.m.
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Mr. Speaker, we understand the issue. That is why we have already implemented a 1% annual tax on the value of non-resident, non-Canadian residential real estate. We are introducing a two-year ban on foreign investment in Canadian residential real estate. We are committed to reviewing the tax treatment of real estate investment trusts. We are launching a federal review of housing as an asset class. On this side of the House, we are committed to making housing more affordable by doing our part to tackle the financialization of housing.
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