Chek News: Nanaimo family moving to Alberta as housing crisis, inflation continues

They say the problem is that not enough homes are being built and corporations are buying some of the ones that are.

“That’s why we are fighting to address the issues that we’re seeing around the financialization of housing, to see a national acquisition fund and to see a moratorium on large corporations swooping in and buying those affordable homes,” said Lisa Marie Barron, MP for Nanaimo-Ladysmith.

“The largest real estate investment trusts over the last number of years benefitted $1.7 billion that they did not pay,” said Jenny Kwan, the NDP’s Housing Critic as she criticized how corporate taxes are set up.

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