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House Hansard - 316

44th Parl. 1st Sess.
May 23, 2024 10:00AM
Context: House Hansard - 316 - May/23/24
Mr. Mike Morrice (Kitchener Centre, GP)
  • May/23/24 10:16:50 a.m.
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Madam Speaker, it is an honour to rise to present another petition on behalf of constituents who are calling out the housing crisis that we are in. The petitioners note that housing unaffordability and homelessness are twin national crises. They go on to note that the financialization of housing inflates Canadian real estate prices. Specifically, they call out corporations, numbered companies and real estate investment trusts that are rapidly buying up affordable housing and flipping them to market rate units. The petitioners call for eight actions that the Government of Canada could take to help address the housing crisis we are in. I will summarize a number of them. First of all, the petitioners call for redefining the formula, the definition of affordable housing. Second, they call for a creation of regulations to control excess profiteering by corporate investors and real estate investment trusts. Third, they call for a prioritization of funding to non-profits and co-operative housing. Those are just three of eight calls to action specifically in this petition that the petitioners call on the Government of Canada to take action on. Some hon. members: Oh, oh!
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