Scott Aitchison at the Human Resources, Skills and Social Development and the Status of Persons with Disabilities Committee

On June 6th, 2023. See this statement in context.

June 6th, 2023 / 3:50 p.m.

Conservative

Scott Aitchison Conservative Parry Sound—Muskoka, ON

Thank you, Mr. Chair.

Thank you to all the panellists for being here.

I want to start with Mr. Brooks. In your brief, you spoke about how in Canada there are six publicly traded residential REITs and those account for about 6% of the Canadian rental world. After about 30 years of operation, that's what they amount to. This is about 3% of the primary and secondary market for all rental accommodation in Canada. There's been a lot of talk about REITs around here. They've been described as bad actors and that kind of thing.

I'm wondering if you could elaborate on that. Knowing full well that there are bad players in every industry, can you talk a little bit more about REITs and why they are actually an important part of this mix?

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