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Decentralized Democracy

House Hansard - 41

44th Parl. 1st Sess.
March 4, 2022 10:00AM
Context: House Hansard - 41 - Mar/4/22
Mr. Dan Albas (Central Okanagan—Similkameen—Nicola, CPC)
  • Mar/4/22 10:46:07 a.m.
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  • Re: Bill C-8 
Mr. Speaker, the member referred to the NDP's finance critic, the MP for Elmwood—Transcona, and I would like to thank that member specifically for his work at the finance committee. He supported the amendment from the member of Parliament for Simcoe North to Bill C-8 that would ban foreign buyers from purchasing Canadian residential properties. This member has mentioned that in his riding on the island, we have seen amazing jumps in home prices and lots of speculators there, including foreign speculators. He lamented that there is so much more that Bill C-8 could have been. Could he enlighten this House as to why the government would vote against something that its own Prime Minister has promised to young Canadian families who want to get into home ownership? Why, when it comes to the chance to vote for something that meaningfully will address that issue, do they vote against it?
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Context: House Hansard - 41 - Mar/4/22
Ms. Marilyn Gladu
  • Mar/4/22 12:30:43 p.m.
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  • Re: Bill C-8 
Mr. Speaker, certainly, they do need help right now. When we talk about affordable housing, we know it is supply and demand. The government, its actions and its bills have not increased the supply appreciably. It has not kept foreign buyers from the market. It has not done anything to address the vacant buildings. The measures in this act are small, yet the member and his party are going to prop up the Liberals again and vote in favour of it. I do not understand it.
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