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Decentralized Democracy

House Hansard - 264

44th Parl. 1st Sess.
December 7, 2023 10:00AM
  • Dec/7/23 12:01:50 p.m.
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Mr. Speaker, I thank my colleague. She spoke at length about the housing crisis. Last week, I travelled to France with the Canada-France Interparliamentary Association and I met a socialist senator. We talked about housing and she was surprised that Canada gives or lends money to private developers to build housing. Her jaw dropped. To her this is totally absurd. I know that my colleague spoke earlier about an acquisition fund. One of the problems with the national strategy is that too much money is being sent to private developers for housing that is not at all affordable, for example housing at $2,000 a month in Montreal. She talked about this acquisition fund and the fact that it would be important for the government to lend money to non-profit organizations to buy housing to get it out of the private market. I would like her to elaborate on how important that is.
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