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Decentralized Democracy

House Hansard - 240

44th Parl. 1st Sess.
October 26, 2023 10:00AM
Context: House Hansard - 240 - Oct/26/23
Mr. Ryan Turnbull (Parliamentary Secretary to the Minister of Innovation, Science and Industry, Lib.)
  • Oct/26/23 12:39:40 p.m.
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Mr. Speaker, I really appreciated my colleague's impassioned speech. We hear comments in this House daily about how the Canada Infrastructure Bank is doing nothing. I think my colleague and I, being from the Durham region, know quite well that we have had some major investments from the Canada Infrastructure Bank, such as repayable financing for Durham Region Transit. I wonder if she could speak to the major difference that this is making for the transit system in our region.
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Context: House Hansard - 240 - Oct/26/23
Mr. Gord Johns (Courtenay—Alberni, NDP)
  • 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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