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Decentralized Democracy

House Hansard - 59

44th Parl. 1st Sess.
April 27, 2022 02:00PM
Context: House Hansard - 59 - Apr/27/22
Mr. Greg McLean
  • Apr/27/22 5:07:12 p.m.
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Mr. Speaker, the financialization of housing is an issue, of course, across the country, but we do have investors who invest in housing. I have read that 30% of the housing stock in Canada is actually owned by investors. These are not necessarily large investors, which is what people think of when they think about the financialization of the housing market. A lot of small investors have committed to putting money into housing. That is because there are no other areas to put money into in Canada. The Liberal government has more or less annihilated the investment market: the ability to invest in anything that has a return in Canada. If there is an opportunity to get 15% a year on an investment in housing, most smart investors will take that. I think a lot of that is coming from small investors.
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