Madam Speaker, there was one part of my colleague's speech that I really liked. When he talked about the housing crisis, he said it is a complex issue. He is right.
At some point, the government is going to need to wake up and face the facts. Those 3.5 million housing units will require hundreds of billions of dollars in investments. I am not even convinced we are going to get there.
However, there is one issue the government could work on, and that is the financialization of housing. That is a significant issue. We are talking about the fact that a growing share of rental housing is being bought up by large private investors, often international ones. It is estimated that, in Montreal, less than 1% of owners own 32% of the rental housing stock. They could not care less about the right to housing. All they want to do is make money. They buy buildings with 60, 80 or 100 units. They demolish or renovate them. They renovate and double the price of the units. They have a major impact on the rise in housing prices. We absolutely have to tackle this issue.
Could my colleague suggest some measures today to deal with this?