Mr. Speaker, the world's ultra wealthy use Canadian real estate to launder money and evade taxes. At the same time, corporations, numbered companies, hedge funds and real estate investment trusts are squeezing huge profits from residential properties. As a result, rents are skyrocketing, affordable housing is disappearing and more Canadians are experiencing homelessness. Will the government introduce strong regulations to stop the predatory activities that are distorting Canada's housing market and making homes unaffordable?
In the House of Commons on January 25th, 2021. See this statement in context.