Mr. Chair, I am sorry, but that is wrong. The national housing strategy is missing the mark, and the Auditor General has pointed that out. In fact, the Liberals do not even know what they are doing. They are developing housing that is not helping those most in need. The minister should read the Auditor General's report.
Real estate investment trusts enjoy preferential tax treatment in that they do not pay the corporate tax rate. The seven largest real estate investment trusts alone have saved a combined $1.5 billion through federal tax loopholes. The Parliamentary Budget Officer estimates that the federal government will lose another $300 million in taxes over the next four years.
Will the federal government stop rewarding real estate investment trusts for pushing out long-term tenants and jacking up housing prices? Will it end their special tax treatment and make them pay their fair share?