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Member of Parliament

Hon. Ed Fast

  • Member of Parliament
  • Conservative
  • Abbotsford
  • British Columbia
  • Voting Attendance: 66%
  • Expenses Last Quarter: $146,571.88

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Context: House Hansard - 184 - Apr/25/23
Hon. Ed Fast (Abbotsford, CPC)
  • Apr/25/23 1:33:06 p.m.
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  • Re: Bill C-47 
Mr. Speaker, the way Canadians judge a budget is by looking at the previous year's budget to see whether the government has actually implemented the promises it made in that budget. I went back and looked at the previous year's budget, and there was a commitment that the government was going to introduce a policy to ensure that “profits from flipping properties held for less than 12 months are taxed fully and fairly”. I would love to hear the member's comments on how that implementation has gone. Has the government actually implemented any policies that would basically cut down on the flipping of properties and the financialization of housing in Canada? How is that process going?
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Context: House Hansard - 63 - May/3/22
Hon. Ed Fast
  • May/3/22 4:56:14 p.m.
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  • Re: Bill C-19 
Madam Speaker, I think what my hon. colleague from the finance committee is signalling is a concern over the financialization of housing in Canada, where people see housing as simply being an investment to be profited from rather than a roof over a person's head. I do share his concern that, if we are not sensible about this, it is going to cost Canadians significantly. However, I do take issue with his assertion that, under the Harper government, somehow housing prices also spiked. No, that is not true. Housing prices were very stable during the Harper years. We a had a slight appreciation in value over time, which is what Canadians expect. They want to see a return to stable house prices in Canada. We, as Conservatives, are capable of delivering that.
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