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House Hansard - 300

44th Parl. 1st Sess.
April 16, 2024 10:00AM
Context: House Hansard - 300 - Apr/16/24
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • Apr/16/24 4:01:39 p.m.
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We are acting today to ensure fairness for every generation. We are moving with purpose to help build more homes faster. We are making life cost less. We are driving the kind of economic growth that will ensure every generation of Canadians can reach their full potential, and we are making Canada's tax system more fair by ensuring that the very wealthiest pay their fair share. We are doing this because a fair chance to build a good middle-class life, to do as well as one's parents and grandparents or better, has always been the promise of Canada. However, today, millennial and generation Z Canadians can get a good job, they can work hard and they can do everything their parents did and more, yet too often the reward remains out of reach. They look at their parents' lives and wonder, “How will I ever be able to afford that?” The same anxiety haunts those of us who care about our younger generations: their parents and grandparents. What many parents have achieved for themselves, a degree of comfort and security, we want for our children and grandchildren. We want their hard work to be rewarded, as it has been for us. We want them to look forward to a future with a sense of anticipation, not angst. We have arrived at a pivotal moment for millennials and gen Z. These Canadians have so much talent and potential. They need to see and believe that our country can work for them. Making the promise of Canada real for younger Canadians requires action from us, and that is what we are delivering. It begins with building more homes at a pace and scale not seen since after the Second World War. Over the past three weeks, we have shared with Canadians our new and ambitious plan to solve the housing crisis and to help ensure that Canadians, especially younger Canadians, are able to afford their rent or mortgage payments. We are investing to kick-start the construction of more rental apartments and more affordable housing across our country. We are topping up the housing accelerator fund, which is doing exactly what we intended and exactly what Canada needs: cutting through red tape and breaking down zoning barriers. This innovative fund is at the vanguard of a housing revolution in Canada and is fast-tracking the creation of new homes. We are making the math work for builders by cutting federal taxes on new apartment construction, breaking down regulatory and zoning barriers, providing direct low-cost financing and making more government land available for building.
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