SoVote

Decentralized Democracy

Member of Parliament

Nathaniel Erskine-Smith

  • Member of Parliament
  • Member of Parliament
  • Liberal
  • Beaches—East York
  • Ontario
  • Voting Attendance: 63%
  • Expenses Last Quarter: $123,505.63

  • Government Page
Context: House Hansard - 7 - Nov/30/21
Mr. Nathaniel Erskine-Smith
  • Nov/30/21 11:57:04 a.m.
  • Watch
Madam Speaker, I thank the member for identifying another area of potential collaboration. Unquestionably, we need to work together to advance supply. Our platform, as an example, committed to a $4-billion accelerator that tells cities we will give them money if they push back against Nimbyism, build supply and adopt inclusive zoning and affordability. That is really important, and it is probably an insufficient number given the scale of the crisis. I would also say that we should also work together on some other measures, including the excessive financialization of the housing market. New Zealand, for example, has put measures in place so that if an investor is going to get into the marketplace, they have to put a 40% down payment and the stress test is going to be that much more stringent. There are a number of measures we can look to around the world that have been quite successful and that would protect the stability of our housing market. It is incredibly important when looking at the scale of the increasing prices over the last number of years. It is an issue I would be happy to work across the aisle to deliver on.
198 words
  • Hear!
  • Rabble!
  • star_border