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House Hansard - 329

44th Parl. 1st Sess.
June 11, 2024 10:00AM
Context: House Hansard - 329 - Jun/11/24
Mrs. Tracy Gray (Kelowna—Lake Country, CPC)
  • Jun/11/24 3:03:57 p.m.
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Mr. Speaker, during a housing crisis, the Liberal finance minister is making things worse. The new capital gains tax will kill investments in Canada and drive up the cost for those who provide housing. Rental experts are saying that the consequences of this tax hike would be disastrous in the short, medium and long term, citing concerns for viability of long-term investment. This will lead to fewer places to rent and more costs to renters. Canadians are already facing the highest average asking rent ever. So, how is it fair that the Liberals are putting the brakes on new housing when Canadians can barely afford to rent?
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