Madam Speaker, let me just say that, in the 1970s and 1980s, when we had the most purpose-built rentals constructed in our country, it was under a taxation plan that deferred capital gains. That is the only time we have seen the amount of rental construction that we actually need. That was a policy of Pierre Elliott Trudeau, I believe. Unfortunately, he quashed that policy. I think we need to look very carefully at bringing back some type of MURB policy to get more purpose-built rentals constructed in our country.
In the House of Commons on June 13th, 2023. See this statement in context.