Thank you, Mr. Chair.
I want to thank my colleague from the Bloc, Madame Gill, for asking those questions around women and disaggregated.... It's definitely very important that we look at these groups separately. I'm happy to see that persons with disabilities are also protected under unions and have better wages.
Mr. Chair, I have a motion that I want to bring to the table right now. I'll start by saying that since Parliament rose for the summer, above-guideline rent increases have continued in Canada. In addition, we've learned that Dream Unlimited, one of the largest corporate landlords, has admitted to using software that the United States Department of Justice claims is used for illegal price-fixing between landlords. We have also learned that this software is common among Canada's corporate landlords.
Canadians deserve to know if their landlords are colluding on rent hikes to increase profits for investors and pension funds at their expense. We know that the Public Service Pension Investments, a Canadian Crown corporation, has partnered with one of these corporate landlords, Starlight Investments, to drive up corporate profits while kicking out the very tenants that their pension is supposed to protect. This is happening at 71, 75 and 79 Thorncliffe Park Drive in Toronto.
The Liberals twice gave Starlight Investments a free pass not to appear here before this committee. This government continues to protect the richest corporations and throw Canadians out on the street.
I will move the motion that I put on notice last week.
Given that,
while families are increasingly making hard choices about paying rent or keeping food on the table, corporate landlords have been contributing to rising rents in Canada by buying up previously affordable apartments and raising rents to increase profits for investors;
one of Canada’s largest corporate landlords, Dream Unlimited, has admitted to using AI software that the U.S. government has alleged allows landlords to illegally coordinate rent increases, and that the software is commonly used by as many as 13 companies in Canada with more than $5 billion in revenue;
today the biggest real estate investment firms collectively own close to 20% of the purpose-built rental units in Canada, nearly 400,000 rental units, up from zero in the 1990s;
the Public Sector Pension Investment Board, also known as PSP Investments, has significant investments in multi-family housing in partnership with Starlight Investments;
That, pursuant to Standing Order 108(2), the Standing Committee on Human Resources, Skills and Social Development and the Status of Persons with Disabilities undertake a study of the role of financialized landlords on rising costs in Canada’s rental market, including how the use of algorithmic pricing tools is contributing to rent increases and how pervasive this practice is across the Canadian rental market; that the Committee invite President of Dream Unlimited Michael J. Cooper, CEO of Starlight Investments Daniel Drimmer, CEO of Boardwalk REIT Sam Kolias, CEO of Mainstreet Equity Bob Dhillon, CEO of Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) Mark Kenney, President and CEO of PSP Investments Deborah K. Orida, and other experts and stakeholders; that the committee hold a minimum of four meetings and report its findings and recommendations to the House; and that the government table a comprehensive response to the report.
Mr. Chair, people—