Madam Speaker, I am rising tonight to talk about the rising rates of rents in my communities and the inability for people to find a home to rent.
In my riding of Port Moody—Coquitlam, rent is rising at an alarming rate. As of October 2023, the average rent for a one-bedroom apartment in Coquitlam is $2,465. This is a 23% increase compared to the previous year. Rentals are priced beyond what many people can afford. With the prices of homes being even further out of reach for many, rental is their only option.
The number of people who have not been able to secure safe and affordable rental housing is now causing a homelessness crisis in the Tri-Cities. In Coquitlam, Port Coquitlam and Port Moody, there has been an 86% increase in homelessness. The Tri-Cities Homelessness and Housing Task Group released its records this month. The local figures show that 160 people in the Tri-Cities indicated that they are homeless. We have seen their affordable housing being taken down and replaced with luxury condos that are unaffordable to most of our community.
Families are being pushed out of their neighbourhoods. Seniors and persons with disabilities are unable to find a new place to live as their long-term housing has been taken down. We have seen this government promise to invest in affordable housing, but its approach is just not working. The lack of affordable housing is hurting people, especially those living on fixed incomes.
Something has got to change, but this government has only just started talking about housing affordability and, really, there has been no talk about how we get people into affordable rentals now. Our communities do not need more expensive condos. They cannot wait for the much-needed GST rebate. The housing accelerator fund is not helping renters fast enough.
Will this government step up and work now to get some affordable housing in the community of Coquitlam?
I will close with another question. Right now in my riding, there is new development happening almost every day, and there is a large development coming up in my riding. I am wondering how we can get the federal government to come to the table early, to start the discussions on how we can get more affordable housing replaced in my community.