44th Parl. 1st Sess.

January 29, 2024 11:00AM

Context: House Hansard - 270 - Jan/29/24

Jan/29/24 1:47:25 p.m.
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Re: Bill C-59

Madam Speaker, obviously, I think there is not just one thing, but several things we can do to tackle this problem. One of the things we could do is create an acquisition fund so that non-profits can have a chance to acquire a building when it comes on the market. Right now, they cannot access the necessary capital quickly enough to make an offer before a big company makes an offer and acquires that building. That is one solution. Another is to make sure that the big companies that are in the housing market pay a reasonable amount of tax, because there are mechanisms they use to avoid paying the regular amount of tax. I also think that building more off-market housing will have an effect on market value if people have the opportunity to buy off-market housing.

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House Hansard - 270