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House Hansard - 135

44th Parl. 1st Sess.
November 25, 2022 10:00AM
Context: House Hansard - 135 - Nov/25/22
Mr. Mike Morrice (Kitchener Centre, GP)
  • Nov/25/22 12:14:19 p.m.
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Mr. Speaker, I am honoured to rise to present a petition today. The petitioners recognize that housing unaffordability and homelessness are twin national crises. They also note that the financialization of housing inflates Canadian real estate prices, and that corporations, numbered companies and real estate investment trusts are rapidly buying up affordable units and flipping them to market rate units. Petitioners call on the Government of Canada to take significant action. They list eight specific actions the government could be taking, including redefining affordable housing to match a definition that reflects the economic realities millions of Canadians face. They encourage the government to create regulations with respect to real estate investment trusts, among others.
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