Mike Morrice appelle à la répression des entreprises propriétaires lors de ses entretiens avec le ministre du logement

Green MP Mike Morrice is making a bold push to rein in corporate landlords and end housing speculation, pressing Housing and Infrastructure Minister Nate Erskine-Smith to take real action on affordability. Morrice’s proposals directly challenge the financialization of housing—a key driver of Canada’s affordability crisis—by targeting the tax loopholes and incentives that allow corporate investors to profit at the expense of tenants.

Tackling the Corporate Takeover of Housing

At the heart of Morrice’s advocacy is a demand to end tax exemptions for Real Estate Investment Trusts (REITs)—a major force behind rising rents and mass displacement. REITs buy up affordable housing, drive up rents, and push working-class tenants out, all while benefiting from lucrative tax breaks. Morrice is calling for those tax exemptions to be eliminated, with the hundreds of millions in recovered revenue redirected toward truly affordable housing initiatives.

In addition to curbing REITs, Morrice is also pushing for:

• Stronger federal intervention to stop corporate landlords from buying up existing affordable housing and pricing out long-term tenants

• More funding for non-market housing models, including co-ops and land trusts, to ensure housing remains a human right—not an investment opportunity

• A crackdown on housing speculation, so that homes are built for people to live in, not to be flipped or hoarded by investors

Will the Liberals Stand Up to Corporate Interests?

Morrice’s demands strike at the core of Canada’s housing crisis: corporate greed. His willingness to work across party lines shows he’s focused on solutions—but the real test is whether Erskine-Smith will stand up to the powerful real estate lobby and fight for these changes.

With affordability worsening, there’s no excuse for inaction. If the Liberals are serious about housing justice, they’ll adopt policies that take power away from corporate landlords and put it back in the hands of communities. If not, it will be clear they are more interested in protecting real estate profits than making housing a human right.