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Decentralized Democracy

House Hansard - 314

44th Parl. 1st Sess.
May 21, 2024 10:00AM
Context: House Hansard - 314 - May/21/24
Ms. Bonita Zarrillo (Port Moody—Coquitlam, NDP)
  • May/21/24 4:54:05 p.m.
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Madam Speaker, we know economists have been saying for years that there is going to be a need for more rental housing. The capitalist society realized this very quickly, and corporations started buying up more affordable apartment buildings. I think about REITs and about one specific REIT, Boardwalk, which recently made its profit announcement. It talked about the fact that it is using CMHC funding and is taking advantage of low interest rates through CMHC that average Canadians do not have access to. My question to the member is this: Why is the Liberal government continuing to put the needs of corporate Canada ahead of people who need a place to rent?
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Context: House Hansard - 314 - May/21/24
Mrs. Salma Zahid
  • May/21/24 4:54:55 p.m.
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Madam Speaker, I really want to thank the hon. member for her question and for making sure that we have more rental units available here in Canada. Rental units are really very important and our government is doing its best to make sure that we see the construction of more rental units. That is why we will leverage the $55 billion apartment construction loan program to partner with provinces to build more rental housing across the country. Rental units, for sure, are really very important, and we have taken many initiatives to make sure that there is a greater stock of rental units in Canada.
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