Home ownership and renting affordability
Text of the Motion
That, given that, after eight years of this Liberal Prime Minister's inflationary policies, (i) inflation has reached a 40-year high and is forcing Canadians to cut back on the basic necessities of eating, and heating their homes,(ii) monthly mortgage costs have more than doubled since 2015 and now cost Canadians an average of $3,000 per month, (iii) Statistics Canada reports that "mortgage interest cost rose at a faster rate in March (+26.4%) […] this was the largest yearly increase on record as Canadians continued to renew and initiate mortgages at higher interest rates",(iv) government fees, taxes and delays now add on average $200,000 to the cost of every new home in Canada,(v) average rent for a two-bedroom apartment across Canada's 10 biggest cities has almost doubled to over $2,200 per month from $1,171 per month in 2015,(vi) nine out of 10 young people who do not own a home believe they never will,(vii) recent reports state that a couple is paying $2,450 to rent a single room in a Toronto townhouse, that they have two other roommates, and they consider this an "excellent deal",the House call on the government to make renting affordable and home ownership a reality for more Canadians by enacting policies that will remove big city gatekeepers, NIMBY local politicians who block construction of new housing, and unnecessary red tape by:(a) tying federal infrastructure dollars for municipalities to the number of new homes built, and imposing clawbacks on municipalities who delay new home construction;(b) tying federal funding for major transit projects to cities that pre-emptively "up-zone" lands around transit infrastructure for high-density housing so that young and middle­class people don't need to use cars; and(c) making available 15% of under-utilized federal properties across Canada for new housing while guaranteeing an appropriate ratio of affordable units in the developments.
Sponsor
Pierre Poilievre
Latest Activity
Decision Made (5/3/2023)