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House Hansard - 107

44th Parl. 1st Sess.
October 4, 2022 10:00AM
Context: House Hansard - 107 - Oct/4/22
Ms. Bonita Zarrillo
  • Oct/4/22 12:17:05 p.m.
  • Watch
  • Re: Bill C-30 
Mr. Speaker, I did want to share something similar on the encampments. In my riding of Port Moody—Coquitlam, there has basically been a gentrification. I met an EA, a woman in her sixties, on the street a couple of weeks ago. She is afraid that she is going to lose her home because she is being lobbied weekly by these large real estate developers. They want to be sold the land. They want her out of her home, and she does not actually own that home. She rents the basement suite. It is the Wild West of real estate right now. I think that it starts with a moratorium on REITs. We are losing co-op housing and affordable rental housing to REITs. We need to start with that moratorium, and then we need to move on to, yes, more taxes.
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Context: House Hansard - 107 - Oct/4/22
Hon. Ahmed Hussen (Minister of Housing and Diversity and Inclusion, Lib.)
  • Oct/4/22 3:13:38 p.m.
  • Watch
Mr. Speaker, in addition to the 1% tax, we have introduced a two-year ban on foreign ownership of Canadian residential real estate, but we are not stopping there. We have also launched a review of the tax treatment with real estate investment trusts. Through budget 2022, we have launched a federal review of housing as an asset class. We are committed to making housing more affordable by doing our part in tackling the financialization of the housing sector.
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