Madam Speaker, every Canadian should have the ability to afford a safe and adequate place to call home.
The government is committed to ensuring that Canada's residential housing stock is not used unproductively by foreign or non-resident investors. More generally, the government is committed to a fair tax system so that it has the resources to respond to the COVID-19 pandemic and to fund the programs and services on which Canadians rely.
The government is providing $1 billion in funding through the rapid housing initiative. The funding in this initiative is available to municipalities, provinces and territories, indigenous governing bodies and organizations, and non-profit organizations. The funding is to be used for the construction of modular housing, as well as the acquisition of land and the conversion of existing buildings into affordable housing units.
Our plan is to continue to invest in Canadians and their families, so that the growth of Canada—