Mr. Speaker, the cost of housing has skyrocketed, and I want to thank the member for bringing up the housing crisis. In my riding of Victoria, people are struggling. We need affordable rentals. We need housing that has rent geared to income. We need more co-op housing. We need home ownership to be within reach.
After decades of inaction from Liberal and Conservative governments, investors and big corporations have taken over the market. Speculators continue to buy properties to renovate and resell quickly for a profit, outbidding families and driving up prices in communities across Canada.
Housing is a human right and the government's half measures are not working. Now we see that the Liberal's approach is not only too little, but also has multiple loopholes.
Does the member agree that instead of protecting wealthy speculators who drive up the cost of housing, the government should introduce a tax on flipping, while making significant investments to build truly affordable housing?