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Decentralized Democracy

House Hansard - 58

44th Parl. 1st Sess.
April 26, 2022 10:00AM
  • Apr/26/22 1:23:18 p.m.
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Madam Speaker, last year in committee I had the opportunity to interview the president and CEO of the Canada Mortgage and Housing Corporation, who came to talk about the housing crisis. When I asked her what we should do now to resolve the crisis, she had one answer: increase supply. There are in fact a few measures in the budget aimed at increasing supply. However, there are long-term measures focusing on demand that we are having trouble understanding. For example, the tax-free savings account for the purchase of a first property is not a bad measure, but why will it take effect only next year? People will be able to contribute up to $8,000 a year for five years. We will not be seeing any results for a while. In addition, to invest $8,000 a year in a house, you need some income. These measures will not help the most disadvantaged. Why are we not focusing on real investments? Consider the rapid housing initiative. It is a good, $1.5-billion program that will actually create social housing. We could have invested a lot more money into it to really help the most disadvantaged, but the budget falls short in that regard.
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  • Apr/26/22 1:57:52 p.m.
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Mr. Speaker, the member spoke of not only carbon capture and storage but enhanced oil recovery. We know carbon capture and storage has been demonstrated 32 times out of 40 to actually increase emissions as a result. Enhanced oil recovery, for the record, is digging to the deepest and dirtiest oil possible and using carbon capture to extract it. Why not use those same funds to invest in workers, their prosperity, and the economy of the future, rather than digging for the deepest and dirtiest oil possible?
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  • Apr/26/22 3:50:52 p.m.
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Madam Speaker, I know the Liberals talked several times about this new RRSP. They talk about this program to help people who are first-time homebuyers, yet the majority of Canadians, over 50% of them, are less than $200 away every month. How does this plan actually help, when Canadians have no money to invest up to $40,000, to make sure it is a secure situation? How is this really benefiting first-time homebuyers?
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