Nanaimo News Now: Housing headlines federal NDP B.C. caucus meeting in Nanaimo

Barron accused the Liberals of using housing “as a commodity” while suggesting proposals from the federal Conservatives failed to look at issues around affordability. She said a moratorium needs to be put in place to prevent corporate landlords “swooping in” to purchase low-cost units.

“We know at one point we had a government where our federal government did invest in co-op housing, social housing, we need to see that happening again.”

Barron’s comments were echoed by caucus chair and Vancouver East MP Jenny Kwan who said the issue dates back to the 1980s and 1990s when the private sector was embedded in the real estate and housing market.

“These are corporate landlords that are coming in and they started to buy up the existing, private, low-cost rental apartments. When they buy them up, it’s not like they’re fixing them up and putting them on the market at the same rate. They’re jacking up the rent, evicting people…and escalating the housing crisis.”

Click the link to read and watch the full news story:
https://nanaimonewsnow.com/2023/07/28/housing-headlines-federal-ndp-b-c-caucus-meeting-in-nanaimo/?fbclid=IwAR2a-y2wuZkrOfTP0sgo33-ifIafIplry_9FyimUevyeiDAqR58SXwVw8M0

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