moved for leave to introduce Bill C-356, An Act respecting payments by Canada and requirements in respect of housing and to amend certain other Acts.
Mr. Speaker, it is an honour to rise today to introduce the building homes not bureaucracy act, and now, more than ever, it is necessary. After eight years, the Prime Minister had doubled the national debt, which has ballooned mortgage rates, and he has funded local bureaucracies to block homebuilding. We have the fewest homes per capita of any country in the G7, even with the most land to build on. Now he has a program that will add even more bureaucracy. It has taken a year and a half for the first announcement and has not built a single home.
My common-sense plan is based on the success I had when I was minister, when housing costs were half of what they are now. The approach that I take in this bill is to keep the existing GST rebate on purpose-built rentals, but also extend it to all new construction of rentals for which the rent is below average to encourage affordable home building, not $2-million penthouses.
Second, we will cut the bonuses of CMHC officials if they do not provide decisions on financing new homebuilding construction within the promised 60 days.
Next, we will make it a legal requirement that municipalities approve and allow construction of affordable housing around every single federally funded transit station, and the dollars will not move until people are moved into those apartments.
Finally, we will incentivize cities to speed up and lower the cost of building permits and free up land by linking the federal dollars they get to the number of homes that actually get completed. There will be a target of 15% more homebuilding per year, which would double home construction within five years at a compounding rate. Those that beat the target by 1% will get 1% more money; those that miss it by 1% will get 1% less. It is a simple mathematical formula for which no new forms, no new bureaucracy and no new delays are required.
It is common sense of the common people united for our common home. Now let us build some homes.
(Motions deemed adopted, bill read the first time and printed)