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Decentralized Democracy

House Hansard - 240

44th Parl. 1st Sess.
October 26, 2023 10:00AM
  • 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 3:41:16 p.m.
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  • Re: Bill C-34 
Mr. Speaker, that was a good speech. Before question period, the Parliamentary Secretary to the Leader of the Government said that Canada was a good place for investors. However, investors keep leaving. There are a lot of rules, like those arising from the passage of Bill C‑69, the carbon tax is too high, and we have measures that do not exist in other countries. Why is there nothing in this bill to deal with that problem?
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  • Oct/26/23 5:37:44 p.m.
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  • Re: Bill C-34 
Madam Speaker, I was not at the committee, but what I do know is that these amendments did not target companies and investors from countries with which Canada has a free trade or trade agreement. Saying things like that today is a little like scaremongering because we all know the Conservative amendments were no threat to those investments.
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