Conservative Shadow Minister for Jobs Pierre Poilievre picked apart Minister of Families, Children and Social Development (Housing and Urban Affairs) Adam Vaughan on housing and REITS, calling his record "abysmal."
A REIT, as defined by Business News Daily, is the abbreviation for a "real estate investment trust," which is a security that invests in real estate directly and sells much like a stock on exchanges. It invests through properties or mortgages and receives special tax considerations.
Vaughan pressed Poilievre on the Conservatives having "pour[ed] jet fuel on the fire" by "allowing REITs to become the dominant player on the investment side of the real estate industry."
As a big city politician, he blocked new housing for the working class.
— pierrepoilievre (@PierrePoilievre) June 11, 2021
As a Trudeau housing tsar, he supported money-printing deficits that make housing unaffordable for the poor.
No one has done more to cause today’s housing crisis than Adam Vaughan. pic.twitter.com/Y15UYjFSGd
Poilievre responded that Vaughan had already "been in government for five years," saying: "if he wants to ban REITS, he could have done it in that time. He hasn't. REITS are still legal, they're still tax advantage, he hasn't changed a thing, in that regard.
"Two: There's no single person in all of Canada that is more responsible for the failing in housing than that member (Adam Vaughan).
"Not only was he a city councilor in Toronto who prevented poor families from having homes by making it very difficult tog et them built in the first place, after that he went to the federal level to contribute to the same problem.
Liberal housing tsar attacks me for attending a farming event & supporting a plowing match.
— pierrepoilievre (@PierrePoilievre) June 11, 2021
Liberal snobs always look down on rural people.
If we had more farmers and fewer incompetent snobs running housing policy, we wouldn't have so many homeless. https://t.co/sNAzeyfanS
"And with him basically being the lead housing personality both in Toronto and nationally, we now see ten thousand people homeless in Toronto. waiting list of affordable housing of 300,000, a carpenter actually had to go out and voluntarily build huts in the middle of a public park in Toronto to save lives.
"That is the abysmal record of that particular member, and he should be apologizing to all people in Canada."
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