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House Hansard - 254

44th Parl. 1st Sess.
November 23, 2023 10:00AM
Context: House Hansard - 254 - Nov/23/23
Mr. Denis Trudel (Longueuil—Saint-Hubert, BQ)
  • Nov/23/23 11:09:13 p.m.
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  • Re: Bill C-56 
Mr. Speaker, Bill C‑56 touches on housing. It is a priority, actually. I said it earlier, when my colleague made his speech. It will be difficult to build millions of homes. That has never been done in Canada. We have to find ways to rise to the challenge. We talked about an acquisition fund, which could be an interesting tool. The elephant in the room when it comes to the housing crisis is the financialization of housing. Big real estate empires are buying up the housing stock. In Montreal alone, it is estimated that less than 1% of owners own a third of the rental stock. That is outrageous. We need to do something about these people who buy up buildings with 60, 80 or 100 units, either to demolish them or renovate them. They double the price and it becomes very problematic. I am certain it is the same in Toronto and Vancouver. Ottawa needs to tackle this. Could my colleague speak to that? I imagine that the NDP has been thinking about these issues. Do they have any ideas about how to deal with this?
190 words
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