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Decentralized Democracy

House Hansard - 189

44th Parl. 1st Sess.
May 2, 2023 10:00AM
Context: House Hansard - 189 - May/2/23
Mr. Dan Albas (Central Okanagan—Similkameen—Nicola, CPC)
  • May/2/23 12:22:52 p.m.
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Mr. Speaker, I am a fellow B.C. member, but I need to contest some of the rationalization the NDP has, the virulent hatred of real investment trusts. In places like Westbank First Nation, real estate investment trusts have offered some of the most dense purpose-built rentals that allow for workers to stay in our communities so we can have places for nurses and long-term care aides, and it is all very affordable. It seems like the NDP is somehow saying that Westbank First Nation should not be able to put on this stock. DCCs, or development cost charges, rising taxes and CMHC raising the cost of insurance only make housing more expensive. Why does she want to stop real estate investment trusts in places like Westbank First Nation, or does she somehow believe she knows better than Westbank First Nation does?
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