Yes, Mr. Speaker. So this did come up in the last Assembly, as the Member mentioned. I was at that time the Minister of Justice as well. And when the topic of rent control came up when there was a motion in the House, we heard from industry, and we heard their concerns, and we heard about the uncertainty that something like rent control brings to investment. And so one of the things that I want to do in this government is bring more certainty to our policies, processes, laws and regulations, to help attract investment. And so what we need to do to lower the cost of rent is to address the demand and the supply issues that we're facing. So we need more homes. We need more apartments. We need more houses. We need more homes across the entire housing continuum. And somebody has to build those homes. They're not all going to be GNWT social housing. We need a significant number of market units as well, and we are reliant on the private industry to build those. And so I want to provide assurances to the private industry that we are not going to put roadblocks up that would prevent them from being certain of their investments. Thank you.
R.J. Simpson on Question 291-20(1): Rent Control
In the Legislative Assembly on June 12th, 2024. See this statement in context.
Question 291-20(1): Rent Control
Oral Questions
June 12th, 2024
Page 1027
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