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CORPIQ is pleased that the F clause can remain intact
Bill 37 presented by Minister Laforest suggested to reduce from 5 years to 3 years the period not subject to the rent setting criteria for a new building.
CORPIQ had even participated in the National Assembly hearings on this subject on June 2nd (Commission sur l'aménagement du territoire à l'Assemblée nationale).
Defending the view that the modification of the F clause would have negative consequences on the overall housing stock and the well-being of tenants, the Executive Director of CORPIQ insisted that this bill would be detrimental to the availability of housing and to the stability of rents. Since the economic situation of the last few years has made it difficult to build new homes, it would have been illogical to question an incentive originally intended to promote housing construction.
However, following an amendment by the Liberal Party of Quebec, the project to modify the F clause was postponed so that it could be reviewed and studied from top to bottom. Using the same point of view as CORPIQ on this subject, the MP for Vaudreuil, Marie-Claude Nichols, stated:
"We often talk about the 'bad landlord', but the 'bad landlord' still builds housing to help people, to house people. He doesn't have to bear that cost for everyone; he has to be allowed to adjust."
She also added that the F clause was there to support the builders and to assume their construction costs. Indeed, it should be remembered that the purpose of this clause is to promote the arrival of new tenants so that the profitability of the building is possible in the medium and long term.
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