Mr. Speaker, as co-op housing agreements expire, the rent-geared-to-income subsidies will as well.
Every time we have raised this question, the government answers that the subsidies do not need to continue because the mortgages will be paid off. That is not the case.
Most housing co-ops will not have the capital reserves to effect needed repairs and renovations, and will likely have to get new mortgages.
Therefore, since 50,000 people could be at risk of losing their homes, will the government do the right thing and renew the rental subsidies?