OTTAWA—Yesterday, a report from the Parliamentary Committee on Transport Infrastructure and Communities recommended that the government abolish the Canada Infrastructure Bank (CIB). The Bank has widely been criticized for failing to address the needs of the communities it is supposed to help. While the CIB has received hundreds of project proposals, it has approved very few, neglecting projects which could help people in favor of a privatization agenda that helps maximize corporate profits at the expense of the public interests.
“Canadians are frustrated that the government isn’t investing in the infrastructure that communities desperately need in the face of the climate crisis. With the recommendation to abolish Canada’s Infrastructure Bank from the Transport Committee, the Liberals are at a crossroads because their current approach has failed,” said NDP Critic for Tax Fairness, Niki Ashton. “They have two options, let the Bank wither and die, having accomplished nothing but enrich their wealthy friends, or they can listen to reason, support my bill and use the Infrastructure Bank to support communities including Indigenous and Northern communities in the fight against climate change.”
City TV: Concerns raised about rising cost of rentals for low-income earners: Vancouver MP
A Vancouver NDP MP is sounding the alarm when it comes to rent-geared-to-income housing units, saying incoming changes by the federal government will lead to a severe shortage within the affordable housing market in this country.
Vancouver East MP Jenny Kwan says she’s learned that as of March 31, 2028, Ottawa will be cutting subsidy funding to non-profits that operate buildings that include units for those on a fixed income. Once those suites are vacated, she says the price of those units will be bumped to market rates.
For example, a rental suite that’s going for $650 right now could be increased to $1,800 or more.
Kwan adds these changes are happening right now at some buildings in Metro Vancouver as non-profits try to bank money to prepare for their funding to be slashed in the future.