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Decentralized Democracy

House Hansard - 243

44th Parl. 1st Sess.
October 31, 2023 10:00AM
Context: House Hansard - 243 - Oct/31/23
Mr. Daniel Blaikie (Elmwood—Transcona, NDP)
  • Oct/31/23 3:19:43 p.m.
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Mr. Speaker, it is no secret that Canada is in a housing crisis. We have heard from builders, bankers, economists and policy experts that significant public investment in housing is required in order to get out of the crisis. What does the finance minister say? She asks what the Bank of Canada and the rating agencies will do. There is good news. At the finance committee yesterday, the Governor of the Bank of Canada said that investments to increase housing supply in Canada would not be regarded as inflationary spending and might actually help bring down inflation. Therefore, the path is clear to replenish the co-investment fund and the rapid housing initiative, and to start a non-profit acquisition fund. Is the government going to do it in the fall economic statement or will it be missing in action?
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Context: House Hansard - 243 - Oct/31/23
Mr. Peter Fragiskatos (Parliamentary Secretary to the Minister of Housing, Infrastructure and Communities, Lib.)
  • Oct/31/23 3:20:31 p.m.
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Mr. Speaker, the point on the acquisition fund is one that the member and I have discussed in the past, and it does merit further consideration, but I also point to the various other programs that are part of the national housing strategy that he mentioned: the rapid housing initiative and the national co-investment fund. These programs combined, added to others, have lifted 70,000 people off the streets. They now have wraparound supports that help them make a transition toward something better. There are 122,000 people who were near homelessness who are now housed because of the strategy. We have more work to do, and we will do that work in co-operation with partners.
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