NDP MP Jenny Kwan drew Tremblay’s attention to the spike, starting about six years ago, in REITs acquiring properties with moderate rent. “What safeguards are there in place,” she asked, “to prevent REITs from jacking up the prices in the properties that they have acquired?”
Tremblay then added: “The private sector is the largest provider of rental housing, including housing that is affordable, in this country.”
When Kwan gave Leilani Farha a chance to respond, she reiterated that “the business model of REITs requires an escalation of rents.”
Farha explained her concern in more detail: “Real estate investment trusts rely on investors. They’re often institutional investors like pension funds, insurance companies and that kind of thing. If you’re an investor, you want to know that you’re going to get a good return on your investment. The way the REIT guarantees a good return on your investment is they show how they’re going to generate income through rent.”
REIT managers need to show investors how they are going to make those rents go up and up. Since many provinces set guidelines for rent increases on existing tenants, one strategy for REITs is to push tenants out and bring in new ones.
The program is retroactive to Dec. 1, 2020, so homeowners who complete an evaluation before starting renovations can qualify for the grant.
The Liberal government's latest announcement was met with mixed reactions. NDP MP Jenny Kwan said the energy adviser program was too little, too late. “They of course, are… way behind on action that's necessary to address the climate emergency,” she said.
Recruiting more energy advisers and federal loans and grants for homeowners are a good start, said Brendan Haley, policy director of Efficiency Canada, but retrofit programs will need to ramp up in coming years to have the desired impact.
"Professor Chow’s paintings and drawing, particularly his beautiful Chinese ink paintings of North American scenery, have deeply enriched Canada’s art and cultural landscape.”
In a statement, NDP immigration critic Jenny Kwan said Wednesday that the rollout of the new pathways to permanent residency for the 90,000 applicants has been problematic, adding it excludes many essential workers and does not recognize those who have lost status.
Also Wednesday, Mr. Mendicino called for moving toward a paperless immigration system that would offer prospective new Canadians more opportunities to file claims online and even be sworn in virtually.
In a statement, NDP immigration critic Jenny Kwan said Wednesday that the rollout of the new pathways to permanent residency for the 90,000 applicants has been problematic, adding it excludes many essential workers and does not recognize those who have lost status.
Also Wednesday, Mr. Mendicino called for moving toward a paperless immigration system that would offer prospective new Canadians more opportunities to file claims online and even be sworn in virtually.
It is wonderful that some of the seniors may be able to book an appointment with the help of family, friends, or support workers; sadly, there are those who unfortunately do not have access to such a support network I have heard from some of the elderly seniors in Vancouver East who are concerned that they will have difficulty in registering for the vaccine due to language barriers.
To help facilitate access to this potentially life-saving immunization for vulnerable people, especially for the elderly where language and mobility is an issue, I would like to offer two suggestions for your consideration.
On November 27, 2020, I stood in the House to call on the federal government for urgent help for our Van East community:
"The Minister of Health said she has the highest regard for Dr. Patricia Daly, Dr. Bonnie Henry and Mayor Kennedy Stewart.
Why then has the Minister refused to follow their sound advice and decriminalize simple drug possession to help save lives?
China’s National Security Law, passed in response to massive protests in Hong Kong, tightened the Chinese Communist Party’s control over the semi-autonomous region. NDP MP Jenny Kwan, her party’s immigration critic, joins The Hot Room to discuss what policy levers the government can pull on to help Hong Kongers.
I am writing you today to request that your office undertake to address the delays and technical errors that my constituents are experiencing with the Canada Recovery Benefit (CRB), and the new temporary changes to Employment Insurance (EI).
I have heard from two different constituents who received the same error message, COV-26, while attempting to apply for the CRB. The error apparently appears because CRA deems that the applicants have an active EI claim within the last 52 weeks which prevents them from accessing the CRB. However, both my constituents have not received any EI benefits in the last 52 weeks. They applied for EI when the pandemic first started and were transitioned to CERB as that was the policy in place.
We have been facing a homelessness crisis in Vancouver for many years. The number of people experiencing homelessness in Vancouver more than tripled from 2002 to 2017. Since then, substantial investments in housing from the Province and the City have managed to stop those runaway increases, but the situation remains a crisis, especially with the added pressures of COVID-19. According to the preliminary data report from the 2020 homeless count in Metro Vancouver, 2,095 individuals were identified as homeless in the City of Vancouver, with 547 individuals completely unsheltered, and 105 people residing in emergency response shelters who would otherwise be unsheltered.
As your government has recognized in your Reaching Home strategy, homelessness has devastating impacts on the individuals experiencing homelessness, as well as the economic and social well-being of communities. And, like your government, we are committed to helping those who are homeless and share your belief that one homeless Canadian is one too many. However, it must be recognized the existing timeline and resources under the National Housing Strategy are deficient in meeting the urgent housing and homelessness crisis in our community.
Furthermore, in the midst of a global pandemic, the first public health directive issued by all levels of governments – and by governments worldwide – was for people to stay home, stay distanced, and practice aggressive hygiene measures. This is impossible for people who are homeless.