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Decentralized Democracy

House Hansard - 122

44th Parl. 1st Sess.
November 1, 2022 10:00AM
  • Nov/1/22 10:31:46 a.m.
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Madam Speaker, I will clarify the question I asked my hon. colleague earlier. I agree with the premise. Canada and Quebec have a huge inflation problem. People are struggling to get by. Food and rent are expensive. This morning's article revealed that Canada invests $8.5 billion in the oil industry every year. Canada's public spending on fossil fuels is the second-highest in the G20. Does my colleague think that $8.5 billion could be better spent on things like building social housing, sending checks to struggling seniors and transferring money to health care systems in dire need, such as Quebec's?
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  • Nov/1/22 12:49:53 p.m.
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Madam Speaker, I thank my colleague for her speech. She spoke about Bill C-31 and the housing assistance set out in that bill. Unfortunately, there is a severe housing crisis going on. A few weeks ago, I spoke with an economist from the Canada Mortgage and Housing Corporation. He told me that in Quebec alone, 600,000 new units would need to be built over the next 10 years to deal with the crisis. Bill C‑31 does not provide for the construction of a single unit. This year, $500 is being sent out, but more money will need to be sent out next year. In addition, 85,000 Quebeckers who live in social housing are being left out. That is a fundamental issue. Does my colleague not think that Bill C‑31 could have built units to address the shortage, instead of sending out one-time cheques this year?
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  • Nov/1/22 12:50:33 p.m.
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Madam Speaker, I thank my colleague for his question. Like me, he knows that we invested an additional $14 billion in housing in the last budget. We reinvested to extend the rapid housing initiative for a third round. If there is one place that has benefited from the rapid housing initiative in many ways, it is Quebec. The benefit will support people in need. Fortunately, in Quebec, a lot of people are already in subsidized housing. Part of what allows those units to be subsidized is federal funding, and my colleague knows that very well.
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  • Nov/1/22 12:51:17 p.m.
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Madam Speaker, my colleague talked about housing affordability. My riding, which is part of metro Vancouver, has a real housing affordability crisis. I was talking to a young family that had just been told its mortgage payments were going up $700 a month, which makes the government's $500 rental assistance plan really pale in significance. I wonder if the member could comment on the government understanding the fundamentals of an economy that drives inflation and interest rates? That is the real solution.
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  • Nov/1/22 12:52:05 p.m.
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Madam Speaker, I would like to remind my colleague that his party voted against the measures in the budget, including measures that sought to help families in need with respect to housing. I would also like to note that we are committed to banning foreign investment, imposing a 1% tax on non-Canadian property owners to curb market speculation and, of course, working on programs that I hope will help most Canadians buy their first home from coast to coast to coast.
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