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Decentralized Democracy

House Hansard - 313

44th Parl. 1st Sess.
May 10, 2024 10:00AM
Context: House Hansard - 313 - May/10/24
Ms. Jenny Kwan (Vancouver East, NDP)
  • May/10/24 11:14:11 a.m.
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Madam Speaker, CMHC is going to end the rent-geared-to-income subsidies to some of the homes under the federal government’s bilateral agreement with the provinces. Non-profits are forced to jack up the rent to market rates after the existing tenants move out. That means thousands of affordable homes will be lost forever. This move is beyond stupid. It shows that the Liberals have learned nothing from the housing crisis they helped create. Already, between successive Liberal and Conservative governments, Canada has lost more than a million affordable homes. For every home built, 11 are lost. Canada cannot continue down this track. Communities cannot afford to lose more affordable housing stock. This giving with the right and taking with the left sleight of hand will fool no one. The housing crisis will only get worse, and the Liberals will have no one to blame but themselves. The rent-geared-to-income subsidies must continue.
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Context: House Hansard - 313 - May/10/24
Hon. Sean Fraser (Minister of Housing, Infrastructure and Communities, Lib.)
  • May/10/24 11:29:01 a.m.
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Madam Speaker, I would point to the recent federal budget, in which we announced that we would not only be taking measures to prevent corporate landowners from buying up single-family homes but also advancing measures to protect renters and bring down the cost of rent by adding more supply. We are moving forward with programs that introduce low-cost financing for more rental construction. We have new subsidies for affordable housing and co-operative housing, as well as an acquisition for non-profits that can take affordable homes and keep them affordable in perpetuity. In addition, we are moving forward with the renters' bill of rights and a series of other measures that are designed to protect the interest of renters for whom the cost of living has simply become too high.
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