This is a single
speech (committee meeting) resource
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This is a single
speech (committee meeting) resource
from the openparliament.ca API. If you’re new here, you might want to look at the documentation. If API and JSON are gibberish to you, you’re better off at our main site.
{
"time": "2023-09-28 12:40:00",
"attribution": {
"en": "Mr. Mike Morrice (Kitchener Centre, GP)",
"fr": "M. Mike Morrice (Kitchener-Centre, PV)"
},
"content": {
"en": "<p data-HoCid=\"7949793\" data-originallang=\"en\">Thank you. That's very kind.</p>\n<p data-HoCid=\"7949794\" data-originallang=\"en\">I want to start quickly with a brief comment. I'm concerned that in this conversation the term \u201cfinancialization\u201d has been conflated with investments in the housing market. Financialization has led to the loss of 15 affordable units for every one new unit created.</p>\n<p data-HoCid=\"7949795\" data-originallang=\"en\">My question is for the CMHC.</p>\n<p data-HoCid=\"7949796\" data-originallang=\"en\">I have a local organization in my community that's been waiting for MLI Select insurance since July 2022. That is putting into question a building in which 60% of the units would be affordable that has been purchased by the community. At the same time, we have large real estate investment trusts that have received over a billion dollars in loans through the RCFI, and 80% of the units could be unaffordable.</p>\n<p data-HoCid=\"7949797\" data-originallang=\"en\">My question is this: What can be done at the CMHC to better make sense of the program offerings so that communities like mine across the country get to report back to say that more is being done to address the affordability crisis?</p>",
"fr": "<p data-HoCid=\"7949793\" data-originallang=\"en\">Je vous remercie, c'est tr\u00e8s gentil.</p>\n<p data-HoCid=\"7949794\" data-originallang=\"en\">Je voudrais commencer par un bref commentaire. Je suis pr\u00e9occup\u00e9 par le fait que, dans nos d\u00e9lib\u00e9rations, le terme \u00ab financiarisation \u00bb a \u00e9t\u00e9 confondu avec les investissements dans le march\u00e9 du logement. La financiarisation a entra\u00een\u00e9 la perte de 15 logements abordables pour chaque nouveau logement construit.</p>\n<p data-HoCid=\"7949795\" data-originallang=\"en\">Ma question s'adresse aux repr\u00e9sentants de la SCHL.</p>\n<p data-HoCid=\"7949796\" data-originallang=\"en\">Dans ma collectivit\u00e9, un organisme local attend une r\u00e9ponse \u00e0 propos du programme APH Select depuis juillet 2022. Cela compromet l'utilisation d'un immeuble, qui a \u00e9t\u00e9 achet\u00e9 par la collectivit\u00e9, dont 60 % des logements seraient abordables. Au m\u00eame moment, de grands fonds d'investissement immobilier ont re\u00e7u plus d'un milliard de dollars en pr\u00eats par l'interm\u00e9diaire de l'initiative Financement de la construction de logements locatifs \u2014 la FCLL \u2014, et 80 % des logements pourraient \u00eatre inabordables.</p>\n<p data-HoCid=\"7949797\" data-originallang=\"en\">Ma question est la suivante: que peut faire la SCHL pour donner un sens aux programmes qu'elle offre afin que les collectivit\u00e9s comme la mienne partout au pays puissent dire qu'on en fait plus pour r\u00e9soudre la crise de l'abordabilit\u00e9?</p>"
},
"url": "/committees/finance/44-1/102/mike-morrice-1/",
"politician_url": "/politicians/mike-morrice/",
"politician_membership_url": "/politicians/memberships/4629/",
"procedural": false,
"source_id": "12344758",
"document_url": "/committees/finance/44-1/102/",
"related": {
"document_speeches_url": "/speeches/?document=%2Fcommittees%2Ffinance%2F44-1%2F102%2F"
}
}