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FINA Committee Meeting

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Minutes of Proceedings

44th Parliament, 1st Session
Meeting 149
Thursday, June 13, 2024, 11:04 a.m. to 1:08 p.m.
Televised
Presiding
Peter Fonseca, Chair (Liberal)

Library of Parliament
• Brett Capwell, Analyst
• Michaël Lambert-Racine, Analyst
As an individual
• Patrick Condon, Professor, University of British Columbia
Corporation des propriétaires immobiliers du Québec
• Paul Cardinal, Director, Economics Affairs
• Anne-Louise Chauvette, Director, Public Affairs and Government Relations
St. Michael's Homes
• Robin Griller, Executive Director
Pursuant to Standing Order 108(2) and the motion adopted by the committee on Thursday, September 21, 2023, the committee resumed its study of policy decisions and market forces that have led to increases in the cost of buying or renting a home in Canada.

Patrick Condon, Paul Cardinal, Anne-Louise Chauvette and Robin Griller made statements and answered questions.

The committee proceeded to the consideration of matters related to committee business.

Motion

Adam Chambers moved, — That the committee hold no fewer than four meetings devoted to a prestudy of the ways and means motion introduced in the House of Commons on June 10, 2024, that at least one meeting be held prior to June 25, 2024 and that witnesses may be submitted by each party prior to Friday at 5:00 p.m.

Amendment

Ryan Turnbull moved, — That the motion be amended by adding after the words “Friday at 5:00 p.m.” the following:

"that this study take priority over any other study in the fall, that all evidence gained in this study be taken into consideration during the study of the capital gains legislation once referred by the House of Commons and that clause-by-clause of the capital gains bill start no later than one week after the bill is officially referred to the committee by the House of Commons".

Subamendment

Philip Lawrence moved, — That the amendment be amended by deleting the words “and that clause-by-clause of the capital gains bill start no later than one week after the bill is officially referred to the committee by the House of Commons”.

Debate arose thereon.

The question was put on the motion and it was negatived on the following recorded division:

YEAS: Adam Chambers, Jasraj Singh Hallan, Philip Lawrence, Marty Morantz, Gabriel Ste-Marie — 5;

NAYS: Yvan Baker, Don Davies, Julie Dzerowicz, Francesco Sorbara, Joanne Thompson, Ryan Turnbull — 6.

The debate continued on the amendment of Ryan Turnbull.

Subamendment

Philip Lawrence moved, — That the amendment be amended by adding after the words “by the House of Commons” the following: “and that clause-by-clause of the capital gains bill start no later than three weeks after the bill is officially referred to the committee by the House of Commons, and that the Minister of Finance and Deputy Prime Minister be invited to appear for one hour during this prestudy”.

Debate arose thereon.

It was agreed, — That the debate on the subamendment be adjourned for the next 20 minutes, to allow one last round of questions to the witnesses.

As an individual
• Patrick Condon, Professor, University of British Columbia
Corporation des propriétaires immobiliers du Québec
• Paul Cardinal, Director, Economics Affairs
• Anne-Louise Chauvette, Director, Public Affairs and Government Relations
St. Michael's Homes
• Robin Griller, Executive Director
Pursuant to Standing Order 108(2) and the motion adopted by the committee on Thursday, September 21, 2023, the committee resumed its study of policy decisions and market forces that have led to increases in the cost of buying or renting a home in Canada.

Questioning of the witnesses resumed.

At 12:26 p.m., the meeting was suspended.

At 12:30 p.m., the meeting resumed.

The committee proceeded to the consideration of matters related to committee business.

The debate continued on the subamendment of Philip Lawrence.

After debate, the question was put on the subamendment of Philip Lawrence and it was agreed to.

At 12:58 p.m., the meeting was suspended.

At 1:00 p.m., the meeting resumed.

After debate, the question was put on the amendment of Ryan Turnbull, as amended, and it was agreed to.

After debate, the question was put on the motion, as amended, and it was agreed to.

The motion, as amended, read as follows:

That the committee hold no fewer than four meetings devoted to a prestudy of the ways and means motion introduced in the House of Commons on June 10, 2024, that at least one meeting be held prior to June 25, 2024, that witnesses may be submitted by each party prior to Friday at 5:00 p.m., that this study take priority over any other study in the Fall, that all evidence gained in this study be taken into consideration during the study of the capital gains legislation once referred by the House of Commons, that clause-by-clause of the capital gains bill start no later than three weeks after the bill is officially referred to the committee by the House of Commons, and that the Minister of Finance and Deputy Prime Minister be invited to appear for one hour during this prestudy.

It was agreed, — That the first meeting on this study be held on Tuesday, June 18 at 11:00 a.m.

At 1:08 p.m., the committee adjourned to the call of the Chair.



Alexandre Roger
Clerk of the committee