Parliament Video: Curb speculation in housing: federal foreign buyers' tax, up new vacant home tax, new social housing

On April 27, 2021, MP Jenny Kwan spoke about the rapid increase in housing prices in Canada:

Jenny Kwan (NDP) Vancouver East, BC

"Mr. Speaker, the housing parliamentary secretary admitted that Canada is “a very safe market for foreign investment but...not a great market for Canadians looking for choices around housing”. He also said that Canada's housing market is “driven by speculation”.

The cost of housing in Canada has increased by 31% over the last year alone. This 1% vacant homes tax for non-Canadians living outside of Canada is not going to cut it. Will the government increase this tax, bring in a foreign buyers tax, and put in new money for the construction of social housing for those in core need?"

https://openparliament.ca/debates/2021/4/27/jenny-kwan-1/

Latest posts

Global News VIDEO: UBC under fire after renting space to Hong Kong

Parliament VIDEO: Jenny tables a petition in solidarity with Hong Kong political prisoners and pro-democracy movement

CPAC VIDEO: NDP, labour presser call on Liberals to abolish closed work permits

NDP MPs Make Announcement on Migrant Workers in Canada – November 7, 2024

At a news conference on Parliament Hill in Ottawa, Jenny Kwan, the NDP critic for immigration, refugees and citizenship, and Matthew Green, the NDP critic for labour, discuss their party’s plan aimed at ending the exploitation of migrant workers in Canada. They are joined by Elizabeth Kwan (Canadian Labour Congress) and Derek Johnstone (United Food and Commercial Workers). (no interpretation)