HANSARD: Will the Liberals stop delaying housing investments in the fall economic statement to get affordable housing built now?

House of Commons Hansard #257 of the 44th Parliament, 1st Session
Oral Questions

November 28th, 2023 / 2:50 p.m.

Jenny Kwan Vancouver East, BC


Mr. Speaker, people with full-time jobs are sleeping in their cars, yet the Liberals are delaying funding for public housing until 2025. Experts are saying that investing in community housing is not only socially responsible but economically sound. Deloitte just released a report that says increasing the community housing stock could boost GDP by up to $136 billion. While the corporate-controlled Conservative leader is off demonizing community housing, the Bank of Canada says it is anti-inflationary.

Will the Liberals stop delaying housing investments in the fall economic statement to get affordable housing built now?

Sean Fraser Minister of Housing

Mr. Speaker, I thank the hon. member for joining me this morning to discuss the need to build more affordable housing with community housing providers, who are in Ottawa today.

With respect, the crisis we are dealing with nationally is a result of 30 years of failure to invest in affordable housing. We changed that with the adoption of the national housing strategy in 2017 and continue to advance measures today. The fall economic statement included a recapitalization of our affordable housing programs to the tune of $1 billion and an additional $300 million that will flow early in the new year, just weeks from now.

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