OTTAWA – As the price of gas reached over two dollars per litre in most parts of the country today, NDP Leader Jagmeet Singh is urging the Liberal government to help Canadians struggling with the rising cost of living. While Canadians are getting gouged at the pumps, big oil and gas companies are making record profits. In a Parliamentary motion, Singh is calling on the Liberals to stop giving billions of dollars of public money to oil and gas companies and reinvest those funds in renewable energy and solutions that make life more affordable for Canadians.
“Canadians have been through a lot in the last two years of the pandemic. They’ve been isolated from their loved ones and now, the price of gas is so high people are cancelling the trips they had planned to see their family and friends because they simply can’t afford the trip,” said Singh. “While people are making these sacrifices, oil and gas companies like Suncor and Cenovus are making record profits. Instead of helping Canadian families with the cost of living, the government continues to give billions of dollars in subsidies to oil and gas companies who are already making a fortune. It makes no sense. New Democrats are calling on the government to stop helping to maximize corporate profits and start defending Canadian families.”
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.