Posted on May 5, 2021
MPs across Canada got a clear message from tenants on May 4th - It's time to Rein in the REITs. From the ridings of Moncton—Riverview—Dieppe to Vancouver Quadra - and 28 in between - ACORN held Rein in the REITs MP pickets and called for major reforms to Canada's rental housing market.
In the coming days and weeks, ACORN’s leadership in many of these ridings will be meeting with Liberal MPs talking about how we can make our demands a reality.
ACORN is calling for the following:
- END the tax exemption for REITs and tie tax rates to the amount of affordable housing REITs preserve or destroy.
- CMHC, the central housing agency, needs to put affordable housing preservation conditions on all financing agreements with REITs
- Give non-profits, co-operatives and land trust organizations the right of first refusal on all apartment building sales and provide them with capacity building resources to participate in the market.
If you haven't sent a letter to your MP yet, please do so now. Click here
Thanks to all the members and allies who came out in support yesterday! Together we can save affordable housing in Canada and Tax the REITs!
Metro Montreal: Manifestation devant le bureau du député Emmanuel Dubourg
Burnaby Beacon: Burnaby renters rail against REITs
The Chronicle Herald: Protesters demand 'more equitable housing' in Halifax and beyond