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Decentralized Democracy

House Hansard - 277

44th Parl. 1st Sess.
February 7, 2024 02:00PM
  • Feb/7/24 3:13:46 p.m.
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Mr. Speaker, the results speak for themselves. When I was the housing minister, rent was $950. It is now over $2,000. When I was the housing minister, the average mortgage payment on a newly purchased home was $1,400. It is now over $3,500. My common-sense plan would require cities to permit 15% more homebuilding as a condition of getting federal money. It would require that they build housing around transit stations rather than having empty fields there. It would require the sale of 6,000 federal buildings and thousands of acres of federal land to build. Why will the Prime Minister not build homes instead of building bureaucracy?
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  • Feb/7/24 3:17:57 p.m.
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Mr. Speaker, whistle-blower information from HSBC documents shows rampant mortgage fraud by people using fake high salaries from fake jobs in China to get mortgages and buy houses in Canada. How is it possible for a person with no income to buy four houses? These frauds fuel real estate bubbles and the information supports FINTRAC findings on Chinese money laundering in Canadian real estate. How can the Prime Minister make housing more available and affordable when fraudsters are buying up multiple homes? Why is the government ignoring the damage created by money laundering and mortgage fraud in Canada?
99 words
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