House of Commons Hansard #223 of the 44th Parliament, 1st Session. (The original version is on Parliament's site.) The word of the day was need.

Topics

Affordable Housing and Groceries ActGovernment Orders

5:15 p.m.

Conservative

Frank Caputo Conservative Kamloops—Thompson—Cariboo, BC

Madam Speaker, it is always a pleasure to rise on behalf of the people of Kamloops—Thompson—Cariboo. Today, I rise for one special person. I would like to recognize my mother's birthday. Obviously, without her sacrifice and my father's sacrifice, I would not be here. My family came from southern Italy, as did that of the hon. member opposite who gave the speech.

The government said that interest rates would be low forever. The Liberals told people to borrow, and they borrowed like crazy; so did the government. Would the member agree with me that this is in part why we are in the crisis that we are in?

Affordable Housing and Groceries ActGovernment Orders

5:15 p.m.

Liberal

Francesco Sorbara Liberal Vaughan—Woodbridge, ON

[Member spoke in Italian].

[English]

Madam Speaker, my family and the member's family have known each other for over six decades, if memory serves me well. There is much respect between our families, who both immigrated here from southern Italy.

With regards to the question on interest rates, as an economist and someone who worked on Wall Street for a number of years and on Bay Street for over a decade and who follows the financial markets very closely, there is obviously a period of normalization of rates going on across the world, not just here in Canada. Following the 2008-09 financial crisis, rates were made very low.

I will stop there, but I would be more than happy to sit down with the member and give him my views on interest rates, on where the long bond will be and on where short and mid rates will be in the future.

Affordable Housing and Groceries ActGovernment Orders

5:20 p.m.

NDP

Charlie Angus NDP Timmins—James Bay, ON

Madam Speaker, this issue is important. The housing crisis is affecting every single one of our communities. Certainly, in Timmins—James Bay, when we look at the indigenous communities, we have massive rates of homelessness. Even in our urban centres now, where we have a young population looking to live, there is no place to live. We have a growing economy; people cannot move in. For senior citizens who cannot stay in their old farmhouses and want to move into town, there is no housing.

I would ask the hon. member about a sense of urgency. I have heard about housing since this government was elected, but I have not seen the urgency on the ground to actually move towards mixed units, co-operative housing and apartment opportunities so that we can get housing now, whether for new Canadians, students, workers or senior citizens in communities like Timmins, Kirkland Lake or Belleville. In any community we name, it is the same crisis.

Affordable Housing and Groceries ActGovernment Orders

5:20 p.m.

Liberal

Francesco Sorbara Liberal Vaughan—Woodbridge, ON

Madam Speaker, the member for Timmins—James Bay and I sit on the natural resources committee together and have travelled together, and so I know the individual quite well.

Housing is obviously a priority for all Canadians, and we do know that there is currently a housing crisis happening here in Canada. We do know that we have to build, which is why we are working with all levels of government.

We saw a very important step. We have seen the rapid housing initiative with our national housing affordability plan put in place, which has helped a lot of Canadians who are very vulnerable find housing, but we also know that we need to build. That is why we have the $4-billion housing accelerator fund working with municipalities to end exclusionary zoning so that we can get that density up. We are working on ensuring that funds that are invested by the federal government for infrastructure have density with them, much like what is happening at the Vaughan Metropolitan Centre in the City of Vaughan where we had a population of zero going up to almost 50,000 in over a 10-year period. It is very dynamic to see and a lot of good stuff is going on.

We know that the builders are up for it, we know that the skilled trades are up for it, we know that municipalities are up for it, and we are working with them.

Affordable Housing and Groceries ActGovernment Orders

5:20 p.m.

Conservative

Tako Van Popta Conservative Langley—Aldergrove, BC

Madam Speaker, I have a question about the grocery portion of Bill C-56.

I am reading the Competition Bureau's report from June of this year entitled, “Canada Needs More Grocery Competition”. In that report, the Competition Bureau makes the point that the big three retailers earn a profit combined of $3.6 billion. It sounds like a lot of money, but that is on $100 billion of sales. So, that is a 3.6% profit margin, which certainly does not sound like greedflation, as our NDP colleagues like to call it.

My question to the member for Vaughan—Woodbridge is whether he thinks 3.6% is too much profit.

Affordable Housing and Groceries ActGovernment Orders

5:20 p.m.

Liberal

Francesco Sorbara Liberal Vaughan—Woodbridge, ON

Madam Speaker, I always believe in looking at the first derivative, what the percentage change in a number is and so forth. I would obviously look to see how the margins have fared over the past couple of years.

Having covered the grocery sector and the private sector, I know quite well how they operate. Literally tens of thousands or hundreds of thousands, of people work for grocers across Canada along the continuum from the food terminal in Etobicoke to our local grocers in my riding, such as Cataldi, Longo's and Fortinos. Those are wonderful folks who need to be supported. They need to have good wages and good benefits, and we will make sure that we encourage that—

Affordable Housing and Groceries ActGovernment Orders

5:20 p.m.

Liberal

The Assistant Deputy Speaker (Mrs. Alexandra Mendès) Liberal Alexandra Mendes

We have to resume debate.

The hon. Parliamentary Secretary to the Minister of Rural Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency.

Affordable Housing and Groceries ActGovernment Orders

5:20 p.m.

Sackville—Preston—Chezzetcook Nova Scotia

Liberal

Darrell Samson LiberalParliamentary Secretary to the Minister of Rural Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency

Madam Speaker, it is always a pleasure to rise in the House to share my views on a bill. This one is extremely important because it deals with housing affordability and the cost of groceries, an essential matter.

Throughout the summer months, I too heard clearly from constituents about the price of groceries.

I heard it from my kids. I have three kids and they remind me whenever they see me. When I go to the grocery store, I notice the prices are much higher than I believe they should be. I can go to certain grocery stores and see items at half the price. Something needs to be done, and our objective is to try to bring stability in pricing.

In my speech today, I will talk about what we have done thus far, what we are going to do now to help affordability, because it is a real issue to Canadians right across this country, but I will also talk about the importance of investing in our strengths so we can bring more revenues to the table and do more to support Canadians.

Prosperity is the key to success, as my dad used to say, and we have shown big investments that look into the future. Electric vehicles is one, of course. We have given big contracts in Ontario for batteries. The trade agreements we have signed over the last four or five years bring prosperity. I will also talk about offshore wind farms and the Atlantic Accord, which the Conservatives do not want to support.

Let me start with some of the key things we did to help with affordability, because this is crucial. We doubled the GST to two quarterly payments to help those in need, the low-income Canadians, which is so important. There is the Canada workers benefit; depending on one's salary, one can receive $2,400 a year. We made some changes so every three months one will receive a quarter of that sum, so one can have more money as one faces some the challenges out there.

There is the disability benefit, which we passed in the last legislation and is so important, because we know people with disabilities are the most vulnerable. The highest poverty in the country is among people with disabilities, so we need to move forward on that very quickly.

I need to talk about something extremely important, which is indexing. Indexing of inflation is key here, because if one's pension or the benefits being received do not increase with the cost of living, it makes it even more difficult. Therefore, we came forward with the CCB, which is tax-free, but it is now indexed to inflation so young families can continue to count on that growth to help them. This is so important.

The GST is exactly the same; we have adjusted that. As well, there are changes to the Canada pension plan, to help Canadians not fall behind. We already made a big improvement in that area, and where a person was getting about $11,400 a year, now it is up to $20,000 a year, which will be a great help.

I want to talk about the OAS and the GIS, because those are specifically touching seniors. In here, we have ensured indexing for these as well. This indexing, which is so important, will see a 30% increase by 2027-28 in the OAS and GIS, which is crucial. Our government will be investing about $20 billion a year to continue to support our seniors, which is over and above what we are paying now.

Early learning and child care is such an important investment. It is tax-free as well. Already, today we see that 50% of the provinces have lowered the price to $10 a day, with the rest to follow in the next couple of years. This is having an effect on affordability for young families.

On housing, last year in one of our bills there was a top-up that helped 1.8 million low-income Canadians. As well, there was a one-time payment for groceries that helped 11 million Canadians, with single people receiving a little over $200 and a family of four over $400. Those are specific investments helping affordability, but it is not enough, which is why we will bring more forward.

Also, we talked about students in university, now having a tax-free interest rate, which is very important. We increased, by 40%, the grant funding so that they can have more money to pay for their expenses because we know the challenges. Just the interest rate and the student loan is over $600 a year for a student. That is a help, as well, toward affordability.

Who can forget, of course, our very important investment in dental care for Canadians? We will see over nine million Canadians, by 2027, receive dental care. Already today, over 340,000 children have received support through dental care, which is crucial.

My riding of Sackville—Preston—Chezzetcook has seen some of these benefits but so have the ridings of many other members of Parliament in the House. We have seen investment in child care spots in my riding. It means more space. We made 500 more spaces in Nova Scotia. My riding of Sackville—Preston—Chezzetcook will receive 119 of those 500, well over 20%.

We are also receiving, of course, the CCB, for young families. The CCB in my riding alone will be over $5 million per month for young families. That is over $60 million a year. People in all of the MPs' constituencies are receiving those monies to help them, which is so important.

We then see an investment in the Canada community revitalization fund, which allows many of my communities to benefit from these important investments.

I cannot understand why a Conservative would not be in favour of the tweaking of the Atlantic Accord, which is so important. For the first time ever, we are going to see an offshore wind farm here, right here. It will be the only one in Canada. There are none today. This creates that opportunity to allow this industry to bring more revenues and more great jobs for Canadians. These are major steps and there is a trillion dollars to be had in investment by 2040.

This legislation today that needs to move very quickly to committee is the GST rebate and this is focused on various types of housing, which is crucial, of course.

The minister tells me that the five main grocery chains, when they were here last week, did understand that they too have a role to play to support Canadians with regard to affordability. It is important that they play a role and they are open to coming back to us, I understand, by the end of this week with some proposals that will see those costs lowered, which is so important.

I want to talk about the Competition Bureau's act. The competition bureau has a major role to play. We are going to make some major changes here. This came out of a report back in 2022, that more competition is needed, more innovation is needed and this is one way we can ensure that the prices, again, find their way downward.

As I said, we have made some investments in the past. We are bringing forward some major investments this time around. We also have to keep our eyes focused on our strengths and that is investing in our people and looking to, in the future, where our investments should go. We did it with the electric car. We did it with the batteries.

On the wind farm project, it is hard to believe that Canada has the biggest coast and shores in the world and Nova Scotia, Newfoundland and Labrador have the fastest winds in the world. This is how we can grow this economy. There is so much to be had through this investment.

Why, again, I ask, are the Conservatives not supporting Atlantic Canada, especially today when we need to?

Affordable Housing and Groceries ActGovernment Orders

5:30 p.m.

Conservative

Ted Falk Conservative Provencher, MB

Mr. Speaker, I thank the hon. member from Atlantic Canada for his inspiring speech. What inspires me is what you are missing. There is an easy way to address affordability for housing and groceries and I think you have overlooked it.

You have recently, as a government, announced that there is going to be a GST credit for new construction of rental properties. That is a start, but that is a one-time tax credit. Why do you not look at the carbon tax, which is a compounding credit? It compounds every single process in a product and it compounds every single movement that a grocery item makes to the grocery store.

If you really want to make life more affordable for Canadians, why do you not drop the carbon tax, both of them, the clean fuel standard tax and the carbon tax?

Let us axe the tax.

Affordable Housing and Groceries ActGovernment Orders

5:30 p.m.

Conservative

The Deputy Speaker Conservative Chris d'Entremont

There are lots of things I would like to be able to do, but I cannot do it here in the Chair. I will ask the hon. member to make sure he runs his question through the Chair and not directly to a member.

We have a point of order from the hon. member for Timmins—James Bay.

Affordable Housing and Groceries ActGovernment Orders

5:30 p.m.

NDP

Charlie Angus NDP Timmins—James Bay, ON

Mr. Speaker, we have very clear rules about how to address members; it has to be through the Chair. I just want to clarify did you, Mr. Speaker, bring in the carbon tax or is he misunderstanding the rules of the House? I would like to have that clarified.

Affordable Housing and Groceries ActGovernment Orders

5:35 p.m.

Conservative

The Deputy Speaker Conservative Chris d'Entremont

I just addressed that before the point of order got going.

Maybe the hon. member for Provencher wants to retract or change how his question was worded.

Affordable Housing and Groceries ActGovernment Orders

5:35 p.m.

Conservative

Ted Falk Conservative Provencher, MB

Absolutely. Let me try that again, Mr. Speaker.

Mr. Speaker, through you to the member, did the member perhaps consider whether a better way to address the affordability crisis of housing and the cost of groceries would be to axe the tax, which would be the carbon tax and clean fuel standard tax, because they are compounding taxes? Every step of the way in processing, groceries or in the construction of housing—

Affordable Housing and Groceries ActGovernment Orders

5:35 p.m.

Conservative

The Deputy Speaker Conservative Chris d'Entremont

I think we got the gist of it.

The hon. member for Sackville—Preston—Chezzetcook.

Affordable Housing and Groceries ActGovernment Orders

5:35 p.m.

Liberal

Darrell Samson Liberal Sackville—Preston—Chezzetcook, NS

Mr. Speaker, I want to thank my colleague for his question and I also want to thank him for praising our government in bringing forward the GST under housing. That is a very important project and I am glad he is realizing the project is important.

We know that their party, when it comes to climate change, cannot see that climate change is extremely important and is walking hand in hand with investments in the economy. When I talk about investments in the economy, why are they not supporting the Atlantic Accord? It could bring trillions of dollars to Canada and we could be leaders in the world. Do not hold back; join the team. Let us go.

Affordable Housing and Groceries ActGovernment Orders

5:35 p.m.

Bloc

Jean-Denis Garon Bloc Mirabel, QC

Mr. Speaker, I would like to thank my colleague for his high-energy speech. That is not surprising. We know our colleague well.

The Prime Minister, who is of course a member of his political party, recently took aim at Quebec municipalities by saying that housing was not being built quickly enough because of all kinds of regulations. What is rather surprising is that, in my riding, for nearly 50 years, the federal government has been imposing non-construction easements on an airport in Mirabel that has effectively been shut down. This is preventing us from building on residential land and potentially depriving the people of Mirabel of thousands of housing units.

How is it that the government is so quick to point the finger at the municipalities but has such a hard time looking inward at its own regulations? Are there no mirrors in the Liberal backroom?

Affordable Housing and Groceries ActGovernment Orders

5:35 p.m.

Liberal

Darrell Samson Liberal Sackville—Preston—Chezzetcook, NS

Mr. Speaker, I thank my colleague for his question. I must say that he represents Mirabel well. He often talks about the Mirabel airport and its land.

It is very important to note that our government has been the most effective at working closely with municipalities. Many municipalities across the country have seen great improvements, including in Quebec, a province that is key in this discussion. This is a partnership. We have invested in Quebec, and we will continue to invest in housing, because it is essential. Whether someone is from Quebec, Cape Breton Island or Vancouver, they need housing, and that is exactly what we are going to work on.

Affordable Housing and Groceries ActGovernment Orders

5:35 p.m.

NDP

Don Davies NDP Vancouver Kingsway, BC

Mr. Speaker, like many members in this House, the people of Vancouver Kingsway are experiencing unprecedented high prices for food. People are going to supermarkets and finding that the price of three apples is about $5. I am not sure how anybody can eat nutritious food with the kinds of prices we are being charged in this country.

There has always been a problem in our schools with children not having access to healthy food and it is even worse today. The Liberals and the NDP campaigned last election on having a billion dollars over five and four years respectively to get started on a national school nutritious food program. We are the only country in the G7 that does not have one.

Would my hon. colleague not agree that, at a time of unprecedented high prices for food and when so many families are struggling, this is the ideal time for the federal government to bring in this long-overdue program to make sure that kids, when they go to school, get at least one nutritious meal, so they can learn better and help relieve the strain on family budgets across this country?

Affordable Housing and Groceries ActGovernment Orders

5:35 p.m.

Liberal

Darrell Samson Liberal Sackville—Preston—Chezzetcook, NS

Mr. Speaker, I agree that we need to stabilize prices. It is very important. Coming from the education system, I know that many schools have a program to support vulnerable kids. That does not take the point that the hon. member is making that we can do more. I think a national program is something we need to look at. As I said, we have structures in place as we speak, but we can improve them and that is something that we need to continue to have conversations about, because it is a very challenging time for many families in this country.

Affordable Housing and Groceries ActGovernment Orders

5:40 p.m.

Conservative

Kerry-Lynne Findlay Conservative South Surrey—White Rock, BC

Mr. Speaker, I will be splitting my time with the member for Parry Sound—Muskoka.

We have a cost of living crisis in Canada. The prices of housing, groceries, fuel and home heating have pushed far too many to the financial breaking point. Once upon a time, if people worked hard in Canada, they could earn a paycheque that would comfortably pay for their necessities. They would even have some cash left over and maybe take a family vacation.

My father was an electrician. One of my brothers is an electrician and another is a carpenter. These are good blue-collar jobs in the skilled trades. We grew up in a safe neighbourhood on Vancouver Island, a place that is not that safe anymore. My father worked hard, and he was able to raise and support six children. We did not always have a lot, but we always had enough. My brothers worked hard and were able to live comfortably. Sometimes, we did not have a lot in our kitchen cupboards, but my father never had to visit the food bank to put food on the table for us.

That was the promise of Canada, but under the Liberals, that promise is broken. After eight years of the overbearing NDP-Liberal government, Canadians are out of money and they are turning their backs on the Liberal Party and the Prime Minister knows it. Out of pure political desperation, he has put forward new legislation to address the mess he has made of housing and grocery prices. Unfortunately, this legislation, Bill C-56, is inadequate.

The Liberals could have adopted the comprehensive housing policy put forward by the Leader of the Opposition in the building homes not bureaucracy act, but instead, they are taking a patchwork approach to the housing crisis. The bill would remove the GST for rental unit construction projects, a campaign promise the Liberals made and broke in 2015. I support this proposal, but would have preferred that the Liberals adopt the positive and sweeping reforms contained in our Conservative leader's bill. I will have more on that in a moment.

Bill C-56 also includes Conservative policy introduced by my colleague from Bay of Quinte in amending the Competition Act by removing the efficiencies defence. This change would give the Competition Bureau more teeth to prevent mergers that would lead to higher prices and less choice. The changes in the legislation are positive and supportable, but it is lamentable that we are in this economic position in the first place.

After eight years of the NDP-Liberal costly coalition, the promise of Canada is broken. Canadians with higher education and many working in the skilled trades find themselves living in tents or in their cars. Crime, chaos, drugs and disorder plague our streets, and we have a Minister of Justice who says it is all in our heads.

After eight years of the NDP-Liberal government and its punitive carbon tax, the cost of groceries is out of control, and Canadian families are hurting. There is a tax on the farmer who grows the food, a tax on the trucker who ships the food and a tax on the store that sells the food, and they are all a tax on the family struggling to buy the food. One in five Canadians is now skipping meals because they simply cannot afford food, and food bank usage is now up at levels we have never seen before. Food banks in my community are at risk of bankruptcy because they cannot keep up with demand. Put simply, our citizens cannot afford to feed themselves because of the NDP-Liberal government.

They also are struggling to put a roof over their heads. Nine in 10 young Canadians believe the dream of home ownership is just that: a dream. Mortgages have doubled. Rents have doubled. Down payments have doubled. Greater Vancouver is now the third most overpriced housing market on the planet. In the city of Vancouver, the average rent is over $3,300 a month, and for a two-bedroom apartment it is nearly $3,900 a month. We can add that to the $2 plus for a litre for gas.

A recent C.D. Howe Institute study determined that in Vancouver nearly $1.3 million of the cost of an average home is from government gatekeepers adding unnecessary red tape. That means that over 60% of the price of a home in Vancouver is bloated by delays, fees, regulations, taxes and high-priced consultants.

Data from Statistics Canada shows that residential construction investment has declined for the fourth consecutive month, including a decrease of 3.2% in Vancouver. In Canada, it used to take 25 years to pay off a mortgage. Now it takes 25 years just to save up for a down payment. The NDP-Liberal government's record on housing has been nothing short of disastrous.

Just a few weeks ago, the Liberals met in London, Ontario, for a three-day retreat. They said that housing and affordability were their top priorities. What did the retreat accomplish? They reannounced their broken campaign promise from 2015 to remove the GST from new, purpose-built rental housing. After the Liberals heard about our common-sense Conservative plan to axe the housing tax, they flip-flopped and tried to take credit.

To address the increase in the price of food, the Prime Minister announced that they were calling in the grocery store CEOs for a meeting. I am sure they were very intimidated. He then threatened them with tax measures that would inevitably be passed on to consumers if they did not lower prices. As expected, this amounted to nothing more than a stunt, a grocery gimmick, theatre. Photo ops, announcements, virtue-signalling, and now they are plagiarizing ideas from the Conservatives.

If the NDP-Liberal government is looking for another idea to plagiarize from Conservatives, it should repeal its carbon taxes and stop the reckless spending that caused this affordability crisis in the first place. These are the real reasons Canadians are struggling with the high cost of living: high interest rates, and high prices in the grocery stores and at the gas pumps.

Bill C-56 does not go far enough and simply would not cut it when it comes to addressing and fixing the housing crisis in this country.

The Leader of the Opposition introduced the building homes not bureaucracy act in Parliament last week. This is a real plan that would tie housing completions to infrastructure funding so we can get shovels in the ground while providing a building bonus to municipalities that exceed their home-building targets. Simply put, if one builds more houses efficiently, one would get more money. Projections are that Canada needs 3.5 million new homes by 2030. We had better get started. Our message to municipalities is clear: build, build, build.

The Prime Minister rewards big city gatekeepers with tax dollars, regardless of whether or not they build homes. Our Conservative plan would require municipalities to build homes close to transit. Conservatives would also list 15% of the federal government's 37,000 buildings so they can be turned into affordable housing. We would remove the GST for any new home with rental houses below market value, incentivizing the construction of affordable homes. Conservatives would cut the bonuses of the gatekeepers at the Canada Mortgage and Housing Corporation if they are unable to speed up approval of applications to an average of 60 days. Under the watch of the Prime Minister, these bureaucrats have been rewarded with huge performance bonuses for an abysmal performance. Much like the current Prime Minister, Bill C-56 is weak, inadequate, and reeks of desperation.

Only a common-sense Conservative government would fix this housing crisis by building homes not bureaucracy. Only a Conservative government would bring home lower prices for Canadians by ending the inflationary deficits and axing the carbon tax. The promise of Canada is broken, but hope is on the way. Conservatives would reverse these reckless policies and restore the promise of Canada.

Affordable Housing and Groceries ActGovernment Orders

5:45 p.m.

Liberal

Mark Gerretsen Liberal Kingston and the Islands, ON

Mr. Speaker, I know in this bill there are specific improvements to the Competition Act, in particular, what the Competition Bureau can do to ensure that monopolies and such are kept at bay, because they are obviously not a good thing for competition. I wonder if the member can provide some comments as to how she sees the parts of the bill with respect to the Competition Act and whether or not she thinks they will be successful at achieving their goals.

Affordable Housing and Groceries ActGovernment Orders

5:45 p.m.

Conservative

Kerry-Lynne Findlay Conservative South Surrey—White Rock, BC

Mr. Speaker, yes, we do think they will be successful in achieving these goals. That is why the member for Bay of Quinte brought forward the legislation in the first place. We are really glad the Liberals decided to steal our ideas because these are good ideas, and they would benefit Canadians.

Affordable Housing and Groceries ActGovernment Orders

5:50 p.m.

NDP

Don Davies NDP Vancouver Kingsway, BC

Mr. Speaker, I have a lot of respect for my hon. colleague from British Columbia, and I usually find her speeches to be informed and interesting, but she, like a lot of her Conservative colleagues, keeps referring to eight years of an NDP-Liberal coalition. She knows that the confidence-and-supply agreement signed between the two parties is two years old, and prior to that, there was no formal or informal arrangement of any type between the NDP and the Liberals.

I am wondering if this is the kind of thing that we would see from a future Conservative government, where there would be active exaggeration to, if not outright misleading of, Canadians about the goings-on in Parliament? Does she agree with me that it is important to speak with integrity and accuracy in the House?

Affordable Housing and Groceries ActGovernment Orders

September 25th, 2023 / 5:50 p.m.

Conservative

Kerry-Lynne Findlay Conservative South Surrey—White Rock, BC

Mr. Speaker, yes, I do agree with hon. friend that it is important to speak and act with integrity in the House. We see too little of it from the government, but I do believe in it. If I misspoke or exaggerated, I guess those two years have felt like eight years.

Affordable Housing and Groceries ActGovernment Orders

5:50 p.m.

Bloc

Sylvie Bérubé Bloc Abitibi—Baie-James—Nunavik—Eeyou, QC

Mr. Speaker, according to the Société immobilière du Québec, 40% of Quebec households are renters, yet only 14% of the housing expected to be built by 2030 will be rental housing. If we do not reverse the trend, it will be a national tragedy. We would need to triple the proposed amount of new rental housing to keep the housing crisis from getting worse.

Is it going to take more than 25 years to resolve the situation?