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Decentralized Democracy

House Hansard - 200

44th Parl. 1st Sess.
May 18, 2023 10:00AM
  • May/18/23 2:30:26 p.m.
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Mr. Speaker, giant housing corporations are treating people's homes like a stock market and evicting long-time tenants to jack up rents. The Minister of Housing thinks a 1% tax on empty homes and a two-year ban on foreign investments will solve the housing crisis. He is wrong. The housing advocate says these Liberal half-measures are dangerous and short-sighted. Financial firms already own 20% to 30% of the rental stock. Will the Liberals stop corporations from getting their hands on more low-cost rental homes with a moratorium and help non-profits secure these homes with an acquisition fund?
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  • May/18/23 2:46:23 p.m.
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Mr. Speaker, the average rent in Coquitlam is now $2,800, the third-highest in the country. Seniors, single mothers and people with disabilities are being evicted, as their long-time rental homes are being replaced with luxury condos. I met a single mom whose rent went up 50%, just so she could stay in her community after she was displaced by a for-profit developer. This is unacceptable. What the Liberals are doing now is not working. What are they going to do to keep rents affordable?
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  • May/18/23 2:47:37 p.m.
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Mr. Speaker, the average rent for a one-bedroom in Victoria is a whopping $2,000, and a two-bedroom is $2,600. Young people, seniors and those on fixed incomes cannot afford these enormous rents. People in my riding are being hit hard. Many are without a home, are in housing that does not meet their needs, are facing renoviction or are unable to save for the future. For every one affordable unit built, we are losing 15 affordable homes. Why do the Liberals refuse to take on giant housing corporations and why are they failing to increase the supply of affordable rentals?
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