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Finance committee I think that's very important. In terms of new construction, the GST was our big ask. In terms of incenting the sale of buildings, which.... By the way, one of our recommendations was a tax credit to sell the buildings to the non-profit sector in order to keep them affordable
October 16th, 2023Committee meeting
Kevin Lee
Finance committee Yes. It's probably over $50,000 per unit.
October 16th, 2023Committee meeting
Kevin Lee
Finance committee It's homeowners, homebuyers.
October 16th, 2023Committee meeting
Kevin Lee
Finance committee Exactly. They finance them until.... It's in the cost of the house.
October 16th, 2023Committee meeting
Kevin Lee
Finance committee Yes.
October 16th, 2023Committee meeting
Kevin Lee
Finance committee Yes. You're paying interest on that charge until you then pass it on to the homeowner.
October 16th, 2023Committee meeting
Kevin Lee
Finance committee We don't have that data. Unfortunately, nobody in Canada has that data, which is a problem. There's a “flying blind” element to not having that data.
October 16th, 2023Committee meeting
Kevin Lee
Finance committee It's an issue around the world, 100%, as are many of the challenges we face, like supply shortages and immigration. I'm past chair of the International Housing Association. I was just there a few weeks ago. In Australia, England and the United States, everybody's facing similar
October 16th, 2023Committee meeting
Kevin Lee
Finance committee Every level of government needs to do a lot more. I think the term “wartime effort” has been used, and I think that's where we are. The current government has taken some steps in the right direction. It's going to take a lot more to get from here to there. Mr. Morgan was talki
October 16th, 2023Committee meeting
Kevin Lee
Finance committee I'll start off and then pass it on to Sue. You're exactly right. Of course, with higher costs of borrowing money, it becomes that much more difficult to finance construction. This results in increased costs, but it can also result in less financing coming from financial institut
October 16th, 2023Committee meeting
Kevin Lee
Finance committee Thank you, Mr. Chair and members of the finance committee, for having me here today to support your study. It's critical to understand well the real issues eroding affordability and preventing supply, and from the motion that led to this study, I can see there are some potential
October 16th, 2023Committee meeting
Kevin Lee
Transport committee You really need to set your priorities, and then make sure everybody's rolling in the same direction. I'll use an example. One of our challenges right now is that we don't have enough housing in Canada. It's part of what's driving up house prices, good old supply and demand. We
May 30th, 2023Committee meeting
Kevin Lee
Transport committee The building code really applies to buildings, not so much to the infrastructure. That's engineering.
May 30th, 2023Committee meeting
Kevin Lee
Transport committee You definitely need to be careful not to go too far. When it comes to increasing what we would call your cooling loads—we're going to get into building science, now—overall, in terms of energy efficiency with these high-performance homes, you tend to lower your heating load, whic
May 30th, 2023Committee meeting
Kevin Lee
Transport committee We're heavily engaged in the building code process and the standards processes. I think one thing that's missing from all of those processes—I'll speak specifically to the national building code—is that we don't have affordability as a core objective of the national building cod
May 30th, 2023Committee meeting
Kevin Lee