HANSARD: Will PM commit to creating an acquisition fund for the non-profit sector to help stop the loss of low-cost rentals to profiteering landlords?

House of Commons Hansard #223 of the 44th Parliament, 1st Session.
Oral Questions
September 25th, 2023 / 2:25 p.m.

Jenny Kwan Vancouver East, BC

Mr. Speaker, what happened last Friday never should have happened.

Turning now to another crisis, the last 30 years have demonstrated that successive Liberal and Conservative governments' market-driven approach to housing has failed Canadians. Housing serves as a social good. It should not just be treated as a commodity for greater profits. People need housing that they can afford, and waiving the GST for new rentals is not enough.

Will the Prime Minister commit to creating an acquisition fund for the non-profit sector to help stop the loss of low-cost rentals to profiteering landlords?

Sean Fraser Minister of Housing

Mr. Speaker, I thank my hon. colleague for her advocacy for non-market housing. We need to continue to do more. We know that although the recent measure to remove the GST from apartment construction is going to have an enormous impact, it is not enough on its own.

We are going to continue to make investments in low-cost financing to build more homes that ordinary people can actually afford. We have advanced programs in the past, and will continue to do so in the future, to directly subsidize the kinds of homes low-income people need built. We do not have a monopoly on good ideas. We are willing to take feedback from members of all parties in this House. I look forward to continuing my collaboration with the member opposite in that regard.


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