On December 9, 2021, Conservatives used one of their first opposition days to push the government to address Canada’s housing crisis. We offered solutions in addressing the skyrocketing price of homes and the lack of supply across the country.
As the Shadow Minister for Housing and Diversity and Inclusion, I was disappointed to see the Liberal Government vote against our motion which aimed to offload federally owned properties and make 15% available for new homes; ban foreign investment in our real estate market; and commit to never introducing a capital gains tax on the sale of primary homes.
In just one year, the price of homes have increased by over 30% since the start of the global pandemic. We will continue to push the government to address the housing unaffordability crisis in Canada and work to find solutions to get more homes built.
That, given that,
(i) the government has failed to increase the housing supply in Canada,
(ii) the government’s $400 billion of new spending has produced a surge of inflationary pressure that has driven home prices more than 30% above pre-pandemic levels,
the House call on the government to:
(a) review and consolidate all federal real estate and properties in Canada in order to make at least 15% available for residential development;
(b) ban foreign investors from purchasing Canadian real estate; and
(c) commit to never introducing a capital gains tax on the sale of primary residences