OTTAWA – Today, Liberal and Conservatives teamed up to vote down an NDP proposal to stop giving billions of tax payer dollars to profitable oil and gas companies and instead reinvest that money in Canadians struggling to make ends meet. The government’s rejection of the NDP plan to help Canadians comes on the same day that inflation reached its highest rate since 1991.
“Canadians have been getting crushed by the soaring cost of living. The price of food and gas is so high that people struggling to take care of themselves and their families,” said NDP Leader Jagmeet Singh. “What we proposed today is a way to get money back into people’s pockets to give them a little extra help to cover their growing costs. Its unthinkable that the Liberal government and the Conservatives teamed up to defeat our motion. They think public money should go to the oil and gas companies who are already making record profits instead of helping Canadian families. New Democrats know that’s wrong and we’re going to keep fighting to get people the help they desperately need.”
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.