Late last night, the Liberal government shut down debate on Bill C-26, asking Parliament to approve a $1.7 billion housing bill with zero accountability or affordability targets.
Let’s be completely clear: Canada isn't just facing a housing supply crisis; we are facing a housing AFFORDABILITY crisis. Yet, this entire bill contains absolutely no safeguards, no rent caps, and no requirements for public, non-market, co-op, or Indigenous housing.
The government wants us to write a blank cheque and hope the market magically works things out. But the private market builds where profits are highest, not where the human need is greatest. That’s why we see luxury towers sitting empty in Metro Vancouver while homelessness continues to skyrocket.
The Liberals are measuring market distress. New Democrats are measuring human distress.
Taxpayers should not be bailing out big developers. If public money is invested in housing, Canadians deserve a guaranteed affordable return.
