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House Hansard - 331

44th Parl. 1st Sess.
June 13, 2024 10:00AM
Context: House Hansard - 331 - Jun/13/24
Ms. Bonita Zarrillo (Port Moody—Coquitlam, NDP)
  • Jun/13/24 9:06:51 p.m.
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Mr. Speaker, the member talked about CMHC financing. He knows well that there is a REIT right now, Starlight Investments, that is evicting tenants in Thorncliffe Park and that is refusing to come to committee, even though it has been asked twice. I want to let the member know that CMHC financing to billionaire REITs is resulting in low-income tenants being evicted. Starlight alone is boasting $425 million in low-interest CMHC debt, and it is actually using it as a selling feature to unload properties for profit. Is this what the Liberal government thinks CMHC should be used for?
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