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Decentralized Democracy

House Hansard - 254

44th Parl. 1st Sess.
November 23, 2023 10:00AM
Context: House Hansard - 254 - Nov/23/23
Ms. Bonita Zarrillo
  • Nov/23/23 11:22:39 p.m.
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Mr. Speaker, that is such an important question. For eight years, I sat at a city council table and saw that perfectly affordable housing was being bought by large corporations and upzoned for them, and then almost a quarter of the condos they were building were sitting empty for years. The efforts of the development industry to pull profits out of communities at the cost of affordable homes for Canadians of all ages were very difficult to watch, because we could see the profit leaving communities. Those developments were not building communities, and we can see now that we have a lot more work to do in the area of bringing back affordable units. It is 15:1. People cannot afford to live in these communities anymore when they are taken over by real estate trusts and development groups that build luxury condo after luxury condo.
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