A Liberal MP who pledged to work for housing affordability holds at least five mortgages on rental properties, according to newly-disclosed filings with the Ethics Commissioner. “We are addressing our housing affordability needs,” Taleeb Noormohamed (Vancouver Granville) said July 29..Noormohamed made the comment in announcing a $7 million federal subsidy for social housing in Vancouver. “Everyone in Canada deserves a safe and affordable place to call home,” he said in a statement..According to Blacklock's Reporter, filings showed Noormohamed held five mortgages with the Bank of Montreal on rental properties in Vancouver through a corporation, 1310672 British Columbia Ltd. His spouse held two mortgages with the same Bank..“The housing crisis is a Canada-wide problem that is especially hard hitting right here in Vancouver Granville,” Noormohamed said last August 24 while campaigning for Parliament. “I’m proud to support the Liberal plan.” Cabinet has promised to introduce a $15 million-a year federal tax on house flippers effective January 1, 2023..Noormohamed won election by 431 votes representing less than 0.9% of ballots cast in Vancouver Granville, the riding formerly held by Independent MP Jody Wilson-Raybould..Noormohamed was a political aide and co-chair of the 2012 Liberal Party convention who previously ran unsuccessfully for Vancouver’s 2018 mayoralty and the federal Liberal nomination in Vancouver Centre in 2004..Noormohamed in the 2021 election campaign acknowledged buying and selling dozens of properties. He would not confirm his net proceeds totaled $4.9 million on the sale and purchase of 41 properties over 15 years..“How much have you profited on those sales?” asked a CTV reporter last September 4. “I, when you ask – give me a second to make sure I have the right – sorry, ask me that question again,” replied Noormohamed..“How much have you profited personally or business-wise off the sales?” asked the reporter. “I can’t give you an exact number,” replied Noormohamed.. in ethics filings also disclosed investments with a Montréal corporation, Immeubles Q-Mont II Industrial Properties L.P..In addition, Noormohamed holds the largest stock portfolio, over 77 companies, disclosed by any member of the 44th Parliament.
