44th Parl. 1st Sess.

January 29, 2024 11:00AM

Context: House Hansard - 270 - Jan/29/24

Mr. Denis Trudel (Longueuil—Saint-Hubert, BQ)

Jan/29/24 1:46:29 p.m.
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Re: Bill C-59

Madam Speaker, happy new year to you and to all of my colleagues. I hope we will be gracious in our debates in 2024, if such a thing is possible. I thank my colleague for his speech, in which he talked extensively about housing. I think that off-market housing is, in fact, one of the solutions. We need to work on that. There are countries in Europe where between 20% and 30% of the housing stock is off-market housing. That is huge. In Canada, it is only 5%. We really have a lot of work to do. On the Island of Montreal, 1% of property owners own one-third of all the housing stock. The situation is the same in Vancouver and Toronto. We need to address that. The financialization of housing is a phenomenon that basically did not exist at the time the federal government was investing in housing, or before 1993. Now it is a factor. What can we do to address that problem? Does my colleague have any solutions?

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House Hansard - 270