Members of ACORN Canada marched to the Montreal headquarters of the Public Sector Pension Investment Board on June 20, 2022, to protest the pension fund's housing investments.From:Affordable housing advocates are calling on the Public Sector Pension Investment Board, Treasury Board President Mona Fortier, and public sector unions to review the public sector pension fund’s housing investments, which they say are financing exploitative housing practices by large corporate landlords.
Dent said PSP Investments and other pension funds are part of a trend of investment capital rushing into the rental housing sector after the 2007-2008 U.S. financial crisis, in ways that are causing problems for tenants. Treasury Board President Mona Fortier chooses the directors of the Public Service Pension Investment Board from a shortlist created by a committee.for the fiscal year ending in 2022, the Treasury Board president is responsible for tabling PSP’s annual reports in Parliament, and for selecting its directors from a shortlist proposed by an external nominating committee.
Dent said Burkart’s experiences are consistent with what many tenants have experienced “in the highly financialized markets in Canada. That’s mostly Toronto and Vancouver, and, to a lesser degree, even Montreal.”