Jacques Gourde and Louis Sansfaçon made statements and answered questions.

At 4:41 p.m., the sitting was suspended.

At 4:45 p.m., the sitting resumed.

Marie-Hélène Dubé and José Bazin made statements and answered questions.

The committee resumed consideration of the motion moved on Wednesday, October 5, 2022, which read as follows:

That pursuant to Standing Order 108(2), the committee undertake a study to examine the research reports on the financialization of housing released by the Office of the Federal Housing Advocate on September 8, 2022; that the committee examine corporate ownership of single family homes, rent gouging and other predatory tactics such as renovictions; that the committee hold no less than three meetings with witnesses for this study; that witnesses include researchers from all of the six reports released through the Office of the Federal Housing Advocate and a dedicated a panel to hear testimony from the Federal Housing Advocate; that the committee report its findings to the House; and that, pursuant to Standing Order 109, the government table a comprehensive response thereto.

and of the amendment moved on Wednesday, October 5, 2022, which read as follows:

That the motion be amended by adding after the words “that the committee examine” the following: “the issue of financialization in the housing market, including”; by deleting the words “other predatory tactics such as”; by adding after the words “and renovictions,” the following: “and the impact of ‘real estate investment trusts’ on the rental housing market, including but not limited to increased rental rates and the loss of affordable housing units, as well as the tax treatment of real estate investment trusts;” by adding after the words “that witnesses include,” the following “but not be limited to,” and by replacing the words “all of the six” with the word “the”.

After debate, the question was put on the amendment and it was agreed to on the following recorded division:

YEAS: Louise Chabot, Chad Collins, Michael Coteau, Wayne Long, Soraya Martinez Ferrada, Tony Van Bynen, Bonita Zarrillo — 7;

NAYS: Scott Aitchison, Rosemarie Falk, Michelle Ferreri, Stephanie Kusie — 4.

After debate, the question was put on the motion, as amended, and it was agreed to on the following recorded division:

YEAS: Louise Chabot, Chad Collins, Michael Coteau, Wayne Long, Soraya Martinez Ferrada, Tony Van Bynen, Bonita Zarrillo — 7;

NAYS: Scott Aitchison, Rosemarie Falk, Michelle Ferreri, Stephanie Kusie — 4.

The motion, as amended, read as follows:

That pursuant to Standing Order 108(2), the committee undertake a study to examine the research reports on the financialization of housing released by the Office of the Federal Housing Advocate on September 8, 2022; that the committee examine the issue of financialization in the housing market, including corporate ownership of single family homes, rent gouging, and renovictions, and the impact of ‘real estate investment trusts’ on the rental housing market, including but not limited to increased rental rates and the loss of affordable housing units, as well as the tax treatment of real estate investment trusts; that the committee hold no less than three meetings with witnesses for this study; that witnesses include, but not be limited to, researchers from the reports released through the Office of the Federal Housing Advocate and a dedicated a panel to hear testimony from the Federal Housing Advocate; that the committee report its findings to the House; and that, pursuant to Standing Order 109, the government table a comprehensive response thereto.