- Member of Parliament
- Member of the National Security and Intelligence Committee of Parliamentarians
- NDP
- Vancouver Kingsway
- British Columbia
- Voting Attendance: 59%
- Expenses Last Quarter: $153,893.57
- Government Page
- May/6/24 1:50:36 p.m.
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Madam Speaker, housing is in crisis in this country. Canadians in every community, including in the province of Quebec, cannot find affordable housing to buy or to rent.
In my view, it takes all levels of government working on this problem. We cannot solve the problem by leaving the federal government, which has the deepest pockets in this country, out of it. The feds, the provinces and the municipalities have to work together. It is the only way we are going to make progress.
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- Apr/29/24 1:36:11 p.m.
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Mr. Speaker, my hon. colleague talked about the provisions in this budget that would allocate billions of dollars for housing. I think that is an excellent initiative in this budget. I think we all know, across the country, that we are facing what can only be described as a housing crisis. The generation coming up has never before faced such a difficult time finding an affordable place to rent or to own. We have to get money to pay for it, if the federal government is going to be at the table as a partner.
In 2022, the government put in a 15% surtax on bank profits over a billion dollars, yet in 2022, the oil and gas industry made record profits of $63 billion. Never before in the history of Canada has it made more money. Why has the government not considered bringing in, at least temporarily, a 15% surtax on excess profits over a billion dollars for the oil and gas industry and using that money to help build houses for Canadians who need them?
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- Oct/31/23 4:37:22 p.m.
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Madam Speaker, I especially enjoyed my colleague's speech when she talked about the crushing need for affordable housing in Canada. I come from Vancouver, which may be the epicentre of the housing crisis in this country, and we have experienced a shocking lack of affordable housing of all types for several decades now. It is quite clear to me and to the people I represent that the market alone is not capable of solving the problem and providing the kinds of diverse housing options that people need.
I am wondering whether my hon. colleague agrees with the NDP when we call for a strong multi-governmental approach to providing non-profit, non-market housing options for Canadians. Does she agree with us that this is critical if we are going to make meaningful progress to ensure that everybody in Canada has an affordable home?
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- May/2/23 4:39:52 p.m.
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Madam Speaker, I live in Vancouver, which I think is the epicentre for the housing crisis not only in this country but around the world. It is fair to say that it is indeed a crisis.
Housing anchors us in our communities. It is not just a commodity that can be traded, purchased and sold. It is an absolute necessity. It is how people anchor themselves for work; their children go to schools and people connect to community.
This has been a crisis for many years I was just curious to put this to my hon. colleague. To hear him speak, one would think the housing crisis in Vancouver and the Lower Mainland began in 2015. I can tell the member most assuredly it did not. It started back in the early 1990s when the government of Brian Mulroney actually cancelled the federal government's participation in the national housing program and, of course, the Liberals promised to restore it and did not, so we have really had an absent federal partner for many decades.
I wonder if the member acknowledges that. Could he tell us what specifically he would do to make sure that we can build truly affordable housing and not just rely on market supply? What does he think the federal government could do to make sure that people get access to social or affordable housing?
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Madam Speaker, my hon. colleague and many of his Conservative colleagues have been talking about housing. I think one thing we all agree on in the House is that there is a crisis of unbelievable proportions related to housing in this country.
I live in Vancouver and have been there for close to four decades. The rise in house prices began in the mid-eighties, particularly after Expo, and then continued with the repatriation of Hong Kong back to China in the late 1990s and the Olympics in 2010. With each of these things, it became obvious that there was an inflow of foreign capital, from both corporate and foreign investment, that destabilized house prices in the Lower Mainland. It is at the point now where, for people who live and work there, the price of detached or even non-detached houses is completely divorced from what people actually make.
What specifically does my hon. colleague say a Conservative government would do to help provide real affordable housing for people in the Lower Mainland of British Columbia? I would like to hear specifically what policy his government would advance.
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- Feb/15/23 4:13:00 p.m.
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Mr. Speaker, in the second petition, the petitioners point out that in Canada more than 600,000 social housing units that were created between 1970 and 1994 were provided through long-term agreements with social housing providers. They point out that these agreements are essential to provide affordable housing options to people, particularly tenants, with a maximum of 30% of their income dedicated to rent.
The petitioners point out that the federal government today is still refusing to renew those agreements, many of which have expired. They are calling on the federal government, in collaboration with the provinces and other stakeholders, to renew the funding of long-term social housing operating agreements in order to preserve rent subsidies and provide funds for the necessary renovations for this critically important housing stock.
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Madam Speaker, housing is obviously a necessity, and it is in crisis in many parts of the country. In the Lower Mainland of British Columbia, which I represent, housing is unaffordable.
I am wondering if my hon. colleague can tell the House what suggestions he would like to see in this budget that would help Canadian families and individuals afford a safe, secure and decent place to live.
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Mr. Speaker, it is always an honour and a true privilege to rise in the House and speak on behalf of the great people of Vancouver Kingsway to reflect their realities in the House and urge policies that I think will be of great impact and assistance to them. I think what they would first want me to point out to the House is that at this point in history, we are facing difficult economic times. People are really struggling, and that is very much the case in Vancouver Kingsway.
The prices for everyday staples such as food, gas, rent, energy and utilities, and for cars, are up. People cannot find affordable housing. This has been a crisis for many years in the Lower Mainland and Vancouver, but it is particularly acute now. I think the word “crisis” is not a hyperbole to describe a situation where people cannot find a secure, dignified and affordable place for themselves and their families.
I would point out on housing that, of the many financial issues facing people, some are foundational, and I think housing is one of them. Housing anchors us in our community and it is what connects us to our neighbours. It is that from which we launch our connections to school and work, where we build relationships with neighbours and where we express ourselves as people. When we cannot find affordable housing and when we are constantly having to move because of renovictions and rising prices, that is destabilizing in a manner that is truly profound.
Wages are not keeping up with price inflation, and I am going to touch on this a bit, because I think understanding the true causes of the current economic situation is vital to getting the policies that will address them correctly. This is particularly difficult for those on fixed incomes. Many of us who are working have access to regular salary increases, but seniors or those who are at the lower income levels, especially if they are not unionized, often have to contend with these dramatically rising prices with fixed incomes. It is important for the House to recognize how difficult that situation is for them.
Food bank use is up. We are hearing reports that families are even reducing their meals. Can members imagine that in a country as wealthy as Canada, a G7 country, in the year 2022, citizens actually have to reduce their calorie intake because of the economic situation?
I just want to mention small businesses. In my riding of Vancouver Kingsway, we are really powered by small businesses, and small businesses are having a particularly difficult time as well. Their input costs have gone up, and although they are raising their prices, there are limits to how far they can go. I think it is particularly important for us as a federal Parliament to craft policies that recognize the difficulty that small businesses are facing and that acknowledge the vital importance that small businesses and medium-sized businesses have in our economy. Let us craft policies that are responsive to their needs so that we can empower them and provide the context and opportunities they need to grow.
The causes of the current situation are varied, and we have heard a sample of them in the House. Some in the House blame government spending. Others say this is the result of government deficits. For us in the New Democratic Party, we believe that if we look at the data and look at the actual evidence before us, it is clear that the current situation is the result of several factors. For one, there are clearly supply chain interruptions that really took off when the COVID pandemic hit in early 2020. They clearly have played an important role in driving up the price of goods. We also have the war in Ukraine. Whenever we have a major global destabilizing event like this, there are inevitably negative economic ripples, and I think it must be acknowledged that this is playing a role.
However, I think uniquely in the House, the contribution the New Democrats are bringing to this economic discussion is one that, frankly, the Conservatives deny and the Liberals ignore. It is the impact of corporate price increases. In other words, it is the gouging that is going on by the corporate sector in many cases. The greedflation that is being caused has to be acknowledged, I would think, as not only a major cause of the current economic travails that are affecting our country, but the major cause of them.
In my view, and in the view of many economists like Jim Stanford, corporations are using the cover of macro-events, such as the global issues around supply chains and the war in Ukraine, as an opportunity to drastically increase their prices and blame that on other factors. I think that is quite clear. If we asked any worker in this country if their wages have gone up by 7% this year, we would find out very quickly that the current economic situation is not caused by a rapid increase in wages. If we go to a store and see the prices on the shelves, we will find out very quickly what is causing the increase in prices.
Let us look at this with a bit of a sectoral analysis. The oil and gas industry last year racked up $140 billion in profits in one year alone. It was the highest profits in a year on record for the oil and gas sector. We have the FIRE industry, the finance, insurance and real estate industry, where profit margins, which I will talk about in a brief second, have gone up by a factor of threefold. We also have the food monopolies. There are three major food chains in the country, and their profits have increased dramatically, in some cases by an additional $1 million per day. One of those companies, Loblaws, outperformed its best years ever in both Q1 and Q2 of this year.
While Canadians are suffering and struggling, those corporate sectors are prospering like they have never done before. That is an economic imbalance the New Democrats believe has to be acknowledged and addressed.
I want to speak just for a moment about profit margins, because some apologists for the corporate sector deny this reality. They say that profits are up because input costs are up and that profits are in line with what is normally expected. That is empirically wrong. If we look at profit margins, which are not about gross profits but the percentage of profits these sectors have made, invariably they are up dramatically in almost every major sector in this country. That speaks to companies that are taking advantage of the current situation for their private interests.
If we do not get the diagnosis correct, it is very difficult to get a proper treatment. The Bank of Canada is attempting to treat the current situation by offering the solution of increasing interest rates. Unless I have missed it, I have not yet heard a word from the Bank of Canada about how we address or curb excessive corporate profits. Their approach is an outdated one. Basically, they want to use the club of interest rates as a cudgel to pound down inflation.
When we raise interest rates, as they are doing, there are obvious economic impacts and we see what they are. It increases the cost of housing. It increases mortgage rates for all those hundreds of thousands or millions of Canadians who currently hold a mortgage that is going to come due. They will pay more. Of course, if we increase mortgage rates, there is a derivative effect: We end up impacting and increasing rents, because landlords who own properties and have to pay more on a mortgage need more in rent. Raising rates also increases the cost of loans and credit cards. In other words, what they are trying to do is suppress employment and wages, and I think that is improper.
Bill C-32 is worthy of support because it has some salutary benefits. It would remove the interest on the federal portion of student loans and apprentice loans, something the New Democrats have long called for. It has the Canada recovery dividend too, which would make banks and life insurance groups pay a temporary, one-time 15% tax on taxable income over $1 billion over five years.
We want this legislation to pass but we want much more. We want to see the Canada recovery dividend extended to big box stores and oil and gas companies and want a permanent surtax on the profits of the oil and gas industry. We want to see the government finally go after the offshore tax evasion that costs to the tune of $30 billion, and we want to see employment insurance reform. Furthermore, we want policies that help working Canadians, not the big corporate sectors that the Conservatives and the Liberals have been favouring in the House for decades.
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- May/3/22 1:40:52 p.m.
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- Re: Bill C-8
Madam Speaker, I am sure that Quebec is no different than any other province in that the citizens of these provinces are having a terrible time finding affordable housing. This is one of the areas where we are all in agreement that it takes all levels of government working together in order to provide a supply.
In my riding, we still have many constituents who have benefited from the very successful co-op housing program of the federal government of the 1970s and 1980s. I wonder if my hon. colleague can comment on whether co-operative housing and federal support for building co-op housing in Quebec would be a significant way to help people of Quebec develop at least one model of affordable housing.
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- May/3/22 12:39:52 p.m.
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- Re: Bill C-8
Madam Speaker, my hon. colleague touched upon housing. I think there is not a member in the House who does not have constituents with serious concerns about the lack of affordable housing.
There are some measures in this bill that deal with housing, I think, mainly about underutilization of property, but there is nothing in the bill about an anti-flipping tax. There is nothing on blind auctions. There is no real additional funding to increase affordable supply, or a housing strategy by and for indigenous communities.
I am wondering this. What does my hon. colleague think about that, and what measures does she think the government should take in order to provide affordable housing options for Canadians?
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