Madam Chair, one of the big problems we have not talked about yet this evening is the financialization of housing. It is a major problem that is hanging over us, but we are not really diving in to talk about it.
In 1993, just a few years after the federal government turned its back social housing, 0% of all rental housing in Canada was owned by large Canadian or international conglomerates. We know that these individuals do not care about the right to housing, just profits. All the advocacy organizations say that this is a problem.
Today, in 2023, 22% of Canada's rental stock is owned by such large conglomerates. These people are not here to help or to build social housing. What is the government going to do about this threat?