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House Hansard - 233

44th Parl. 1st Sess.
October 17, 2023 10:00AM
Context: House Hansard - 233 - Oct/17/23
Mr. Daniel Blaikie
  • Oct/17/23 12:05:29 p.m.
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Madam Speaker, I would like to thank my hon. colleague for his question. I would say that there have been two phases of significant federal disengagement from housing. In the 1990s, the Liberals cancelled the Canadian housing strategy. Later, the Harper Conservatives made the decision not to renew operating funding for affordable housing mortgages once those mortgages matured. Since these buildings could longer offer affordable rents, large corporations began buying them up and raising rents. It would be really helpful to have an acquisition fund for non-profit organizations, to make sure that it is not just big business that has the resources to buy these buildings. Other organizations that are committed to offering affordable rental housing need to be able to access these buildings and take over the work that the previous owners were no longer able to do.
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