Hon. James A. McGrath (St. John's East):
Madam Speaker, actual housing starts in urban areas for the month of May were down by a startling 51 per cent from this time last year. The MURB provisions were responsible last year for over
54,000 apartment starts. Under the Canadian Rental Supply Plan there has not been one single start up until last week. Even if we were to increase the ceiling from $7,500 to $20,000 per unit, they would still be $150 to $200 above the market rate that people pay today. Therefore 1 move, seconded by the hon. member for Cambridge (Mr. Speyer):
That this House directs the Minister of Finance to reinstitute the MURB provision and to designate those funds allocated for the Canada Rental Supply Plan to non-profit and co-operative housing as part of his financial and economic statement to this House.
Sub-subtopic: CANADA RENTAL SUPPLY PLAN-MOTION UNDER S O. 43