Finance committee  Yes, that would be incredibly important. I'll pass this question to Véronique in a moment, but can I just address an earlier question that came up? We were talking about how we need a change of mindset so that we don't think about just home ownership and so on. I agree to a cer

Finance committee  I'm not from Quebec, but I can speak to the interjurisdictional element, because that's something we bump up against often when we're talking about human rights. Canada has made this commitment, but every level of government has the same human rights commitments, so we need all l

Finance committee  New Zealand is definitely an example that a lot of international human rights experts tend to draw on. It's a good one. What I am proposing is, frankly, any sort of disincentivizing action that would stop people from wanting to park their capital in additional investment propert

Finance committee  I'm honestly not particularly familiar with this measure. I could get back to you. I will say that what we have heard from our partners over and over again is that it won't be just one program that will solve this issue: It's the financialization of housing, the way our system op

Finance committee  Thank you for raising that. As we have discussed, I think for social housing there's definitely a shortage. We are seeing shortages in single-family homes as well. I will say that the point made about how condos are being overdeveloped in place of single-family homes, that is a

Finance committee  Yes, absolutely. You raise a good issue. As I mentioned, compared to other OECD countries, which are similar to Canada, we have far less social housing. We're at about 4% of the total housing stock, whereas the average is 7%. Countries like the United Kingdom are at 17%. There's

Finance committee  Across the board, civil society folks have agreed that this foreign investor tax is not going to be effective. First of all, when we're dealing with these corporate investors, we're dealing with global capital. It's very easy for them to establish a domestic corporation, and then

Finance committee  Thank you, Mr. Chair and Mr. Blaikie. Yes, that's a great point. If we dig into the affordability criteria of the capital funds in the national housing strategy—for example the RCFI, which I mentioned—only 20% of units are priced at 30% of the median family income—not individual

Finance committee  Yes, the demand side would be, I think, simply ensuring that we are implementing some speculation and vacancy taxes. I think that kind of measure would ensure that under-utilized housing is actually meeting the needs of people who are seeking housing. I think that incremental tax

Finance committee  Thank you. Good afternoon, Mr. Chair and members of the finance committee. My name is Sahar Raza. I am the project manager of the National Right to Housing Network, a network of over 350 organizations and experts from across the housing and homelessness sector, including FRAPRU