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House Hansard - 240

44th Parl. 1st Sess.
October 26, 2023 10:00AM
  • Oct/26/23 10:03:51 a.m.
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Mr. Speaker, I have the honour to present, in both official languages, the 12th report of the Standing Committee on Human Resources, Skills and Social Development and the Status of Persons with Disabilities, entitled “Financialization of Housing”. Pursuant to Standing Order 109, the committee requests that the government table a comprehensive response to this report.
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  • Oct/26/23 12:58:24 p.m.
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Mr. Speaker, we have heard from Dream, another REIT that is using public financing through CMHC to build housing because it is cheaper. We now know from the Infrastructure Bank that private investors are looking at this financing because it is cheaper, and they would be making profits off of public money. When we look to Toronto, for example, the mayor of Toronto is looking to build 60,000 units that would cost about $13 billion in financing to ensure there is no homelessness. Does my colleague not agree that if we are going to use public financing to do investments, it should be going to public housing to serve public interests?
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  • Oct/26/23 2:24:55 p.m.
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Mr. Speaker, while I am impressed that the Conservatives are finally talking about supporting some of Canada's most vulnerable, it is unfortunate that their record does not stand up to the scrutiny. I was in Kelowna yesterday to announce $31.5 million to build more homes in that community. The Conservatives plan to cut the fund that is actually putting that money into Kelowna. During the pandemic, we continued to invest so that families could keep food on the table while their leader called them “big, fat government programs”. Canadians would be forgiven if they asked what the Conservatives are going to cut in order to achieve their goals. Is it going to be money for housing? Is it going to be money for low-income families? We will make the investments necessary to support Canadians in need.
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  • Oct/26/23 2:28:59 p.m.
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Mr. Speaker, the government must review its levels as early as 2024 and, above all, it must review them in co‑operation with Quebec and the provinces. It is currently working behind closed doors. It is right to be concerned about housing capacity. However, when it comes to health care, education, francization and transportation infrastructure, that is the job of the provinces and Quebec. Are we going to ask them what their capacity is and set the levels accordingly?
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