Banking, Commerce and the Economy

Pursuant to notice of October 1, 2025, moved:

That the Standing Senate Committee on Banking, Commerce and the Economy be authorized to examine and report on Canada’s housing crisis and the challenges currently facing Canadian homebuilders, with a particular focus on government taxes, fees and levies;

That the committee be permitted, notwithstanding usual practices, to deposit its reports on this study with the Clerk of the Senate if the Senate is not then sitting, and that the reports be deemed to have been tabled in the Senate;

That the papers and evidence received and taken and the work accomplished by the committee on this subject, between October 5, 2023, and November 23, 2023, during the First Session of the Forty-fourth Parliament under its order of reference relating to banking and commerce generally, be referred to the committee; and

That the committee submit its final report to the Senate no later than March 31, 2026, and that the committee retain all powers necessary to publicize its findings until 180 days after the tabling of the final report.

He said: Honourable senators, pursuant to rule 5-10(1), I ask leave of the Senate to modify the motion so that it reads as follows:

That the Standing Senate Committee on Banking, Commerce and the Economy be authorized to examine and report on Canada’s housing crisis and the challenges currently facing Canadian home buyers, with a particular focus on government taxes, fees and levies;

That the committee be permitted, notwithstanding usual practices, to deposit its reports on this study with the Clerk of the Senate if the Senate is not then sitting, and that the reports be deemed to have been tabled in the Senate;

That the papers and evidence received and taken and the work accomplished by the committee on this subject, between October 5, 2023, and November 23, 2023, during the First Session of the Forty-fourth Parliament under its order of reference relating to banking and commerce generally, be referred to the committee; and

That the committee submit its final report to the Senate no later than March 31, 2026, and that the committee retain all powers necessary to publicize its findings until 180 days after the tabling of the final report.