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House Hansard - 233

44th Parl. 1st Sess.
October 17, 2023 10:00AM
  • 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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  • Oct/17/23 3:01:58 p.m.
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Mr. Speaker, seniors, such as Ford Snow of Gander, are finding out after eight years that the Prime Minister and his Liberal-NDP coalition are not worth the cost. Reckless inflationary deficits have driven up interest rates, forcing landlords to raise their rents. They have had no choice. Ford's rent has gone up by 22% in a year. He is left without a nickel to spare. Will the Prime Minister stop his inflationary spending to reduce interest rates and give renters like Ford a break on their rent?
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