Mr. Speaker, giant housing corporations are treating people's homes like a stock market and evicting long-time tenants to jack up rents. The Minister of Housing thinks a 1% tax on empty homes and a two-year ban on foreign investments will solve the housing crisis. He is wrong.
The housing advocate says these Liberal half-measures are dangerous and short-sighted. Financial firms already own 20% to 30% of the rental stock.
Will the Liberals stop corporations from getting their hands on more low-cost rental homes with a moratorium and help non-profits secure these homes with an acquisition fund?