New Democrats believe it's important to be fiscally responsible with Canadians' money. That's why they proposed measures to make the very rich pay their fair share to invest in programs to help Canadians:
• Making big banks, big box stores and big oil pay their fair share on excess profits.
• Cut billion-dollar subsidies to big oil.
"The Conservatives and Liberals continue to protect the profits of the super-rich and are getting us nowhere on solving big problems people are facing now. The Liberals found a way to give billions to big oil companies while they are making record profits on the fantasy of being able to capture carbon. And while the Conservatives like to pretend they want to help you, they refuse to make the ultra-rich pay their fair share. Leaving you and your family struggling to make ends meet. While the Liberals and Conservatives protect the very rich and their profits made on the backs of people, New Democrats stand with workers and families. Every time." – NDP MP Charlie Angus
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.
