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Decentralized Democracy

House Hansard - 270

44th Parl. 1st Sess.
January 29, 2024 11:00AM
  • Jan/29/24 1:04:11 p.m.
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  • Re: Bill C-59 
Madam Speaker, I think of foreign investment, government policy on legislation and budgetary measures. Working with Canadians, on a per-capita basis, when we talk about gross number of dollars being invested in Canada, Canada is actually number one in the world with respect to foreign investment. Much of that investment goes toward renewable energy. Canada is now a leader when it comes to electric batteries. The value of communities are increasing greatly because of the mega-plants going into them, Volkswagen being one of them. Does the member recognize, whether through things like trade agreements and government policies, that we have seen an enhancement in investment that will ultimately contribute to the world because of many of the green projects that are taking place in Canada today?
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  • Jan/29/24 1:43:15 p.m.
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  • Re: Bill C-59 
Madam Speaker, there certainly is work to do at all levels of government to address the housing crisis. The foremost role of the federal government in all this is as funder. Those other levels of government will come to the table when there is enough funding on the table to talk about making a significant difference. One of the things that would help, in addition to the funding itself, would be a far more regular offer. We are still having debates about when more money will be put into the co-investment fund, which is, as I said earlier, the fund that has produced the most non-market housing. Why is there not an annual offering? Why is this a question? The housing crisis took decades to develop. It is going to take a long time to solve. The idea that the federal government is just going to offer this money willy-nilly and not regularly on an annualized basis, so other levels of government can plan for the level of investment that is coming not just over the short term but the medium and long term, is laughable. The federal government needs to make annual commitments with a warning. We should not be needing to have this debate every time the fund is depleted. There is no way it is going to offer enough money in one offering to not have it depleted. Other levels of government need to know when the replenishment is coming so we can actually plan into the future for how we are going to solve this crisis.
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  • Jan/29/24 3:05:21 p.m.
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Mr. Speaker, I thank my colleague for her question. Our government knows that we need to build more homes faster. That is why the economic statement includes a $15-billion investment for new loans through the apartment construction loan program, which will build 100,000 new homes over the next few years. We are removing the GST on new co-op housing projects. We will keep working to build more homes faster.
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