Since Davide Mastracci, The Maple's opinion editor, updated our resource listing all Canadian MPs who are landlords or invested in real estate in some way, we've published several articles analyzing and responding to the information.

As we made clear in our very first article examining this data, there are vast differences in the extent to which some of the MPs who met the criteria to be included in the resource are involved in real estate. Some have spouses who own vacant lots of farm land, while others personally own long lists of rental properties and other investment interests.

Of course, it is tricky to quantify and compare exactly how much each MP is invested in real estate. This is partly because the disclosure reports on which the resource is based are inconsistent in terms of the specificity of the information provided. As well, the exact value and size of each rental property and real estate investment is not disclosed in the public reports.

However, there are clearly some MPs with much larger real estate investment portfolios than others, meaning they have a direct material interest in rents and property values continuing to rise, amid a nationwide housing crisis, that is materially larger than other MPs whose names appear in the resource.

To identify MPs with particularly large interests in the real estate market, we counted the total number of real estate assets or interests that each MP disclosed, and from those with the largest portfolios, we narrowed down to a handful of MPs who appeared to have particularly extensive and wide-ranging interests in the real estate market. This, of course, involved a degree of subjective analysis.

Therefore, it is important to stress that the MPs listed below are not ranked in any particular order. It is also worth noting that none of the MPs listed below responded to Davide's recent request for comment about their disclosures.

With those caveats out of the way, here is a selection of 10 Canadian MPs with particularly large interests in the real estate market. The disclosure for each MP is copied from the resource, with additional notes added in some cases.

Marty Morantz

Notes: Morantz is the Conservative MP for Charleswood—St. James—Assiniboia—Headingley. His real estate disclosure report is far and away the longest among all Canadian MPs.

  • “Joint ownership with an individual of a residential rental property located on Wellington Crescent in Winnipeg, Manitoba”
  • “Joint ownership with multiple persons and corporations of two commercial rental properties located on Academy Road in Winnipeg, Manitoba”
  • “Joint ownership with multiple individuals and corporations of multi-unit residential rental properties in Edmonton, Alberta located on: - 144 B Avenue North West - 121 Street North West”
  • “Joint ownership with multiple individuals and corporations of multi-unit residential rental properties in Winnipeg, Manitoba located on: - Mayfair Avenue - Guelph Street - Setter Street - St. Michael Road - Ronald Street (2 properties) - Munroe Avenue (3 properties) - Beliveau Road (3 properties) - Pembina Highway (4 properties)”
  • “Artis Real Estate Investment Trust Units”
  • “Last and next 12 months: rental income”
  • “Jernat holdings Ltd., a company in which I own a controlling interest, is a co-owner of a property located in Winnipeg that leases commercial space to Public Works and Government Services Canada”
  • “Controlling interest in Jernat Holdings Ltd., a real estate holding and rental company in Winnipeg, Manitoba”
  • “Controlling interest in Jernat Investments Ltd., a real estate commission financing company in Winnipeg, Manitoba”
  • “Significant interest in Levmor Mortgage Corporation, a mortgage company in Winnipeg, Manitoba”
  • “Limited partnership units in LS Properties (Kildonan Crossing in Winnipeg, Manitoba)”
  • “President and Director of: - Jernat Holdings Ltd. - Jernat Investments Ltd. - Levmor Mortgage Corp.”
  • Source

Harnirjodh (George) Chahal

  • “Joint ownership with spouse of rental Property located at 4 street NE Calgary”
  • “Joint ownership with spouse of rental Property located at Canals Circle SW Airdrie, AB”
  • “Joint ownership with spouse of rental Property located at Canals Cove SW Airdrie, AB”
  • “Nominal interest of West Balzac Dev LP, a real estate holding partnership”
  • “Next 12 months: Rental income”
  • “Significant interest in 1248184 Alberta Ltd which owns real estate”
  • “Significant interest in 1923846 Alberta Ltd. which owns real estate”
  • “Significant interest in Chahal Invest Corp. which owns real estate”
  • “Nominal interest in Charan Development Ltd which owns real estate”
  • “Nominal interest in Oxford land Development & Consulting Ltd”
  • “Last 12 months: Rental income” (spouse/common law)
  • “Next 12 months: Rental income” (spouse/common law)
  • “Significant interest in 1248184 Alberta Ltd which owns real estate” (spouse/common law)
  • “Director of 1248184 Alberta Ltd.” (spouse/common law)
  • Source

Taleeb Noormohamed

Notes: It's worth highlighting that Liberal MP Noormohamed's disclosure doesn't actually specify the number of rental properties he owns in Vancouver, the most expensive real estate market in the country. We do know that in the run-up to the last federal election, he came under fire after it was revealed that he sold at least 21 properties within a year of buying them since 2005. He bought and sold an additional 30 after less than two years of ownership during the same period. This practice, known as "house flipping," is a contributing factor to the housing crisis. It also made Noormohamed $4.9 million in profit, according to NEWS 1130.

  • “Nominal interest in Immeubles Q-Mont (II) Industrial Properties L.P., a real estate business”
  • “Sole ownership of rental properties located Vancouver, British Columbia”
  • “Last 12 months: Rental income from rental properties”
  • “Next 12 months: Rental income from rental properties”
  • “Significant interest in 1310672 BC Ltd., a real estate holding company, which owns one property in Vancouver, British Columbia”
  • “Secretary, 1310672 BC Ltd.”
  • Source

Randeep Sarai

  • “Sole ownership of duplex rental property located on Manor Street, Burnaby, British Columbia”
  • “Sole ownership of four rental units located on Rosewood Street, Burnaby, British Columbia”
  • “Sole ownership of a rental property located on 40th Avenue, Surrey, British Columbia”
  • “Last and next 12 months: Rental income from properties”
  • “Controlling interest in Grand Fairway Development Inc. that holds a nominal interest in 1041672 B.C. Ltd, a real estate holding and rental company in Surrey, British Columbia”
  • “Controlling interest in 687495 B.C. Ltd., a real estate holding and rental company in Surrey, British Columbia”
  • Source

Sukh Dhaliwal

  • “Co-signer on behalf of Dhaliwal & Associates Land Surveying Inc., with another individual, of a mortgage with the Canadian Western Bank for two investment properties”
  • “Sole ownership of Dhaliwal & Associates Land Surveying Inc., which is joint owner with another company of two investment properties”
  • “Sole ownership of Genco Engineering Consultants Inc., which is the sole owner of 0711677 B.C. Ltd., a real estate holding company that has: - a nominal interest in 0711634 B.C. Ltd., a real estate joint venture company; - a nominal interest in 0996756 B.C. Ltd., a real estate holding company; - a nominal interest in 0636535 B.C. Ltd., a real estate holding company .”
  • “Sole ownership of 596426 B.C. Ltd., a real estate holding company that: - is the sole owner of 619525 B.C. Ltd., a real estate holding company, which together have a significant interest in 686967 B.C. Ltd., a real estate holding company; - has a nominal interest in Sproutly Canada Inc.” (spouse/common law)
  • “Nominal interest in Westland Developments Ltd., a construction company that owns an investment property” (spouse/common law)
  • “President, Secretary, and Director of 619525 B.C. Ltd., a real estate holding company” (spouse/common law)
  • “President and Director of 596426 B.C. Ltd., a real estate holding company” (spouse/common law)
  • “Secretary and Director of 686967 B.C. Ltd., a real estate holding company” (spouse/common law)
  • Source

Scott Reid

  • “Units: -InterRent Real Estate Investment Trust”
  • Sole ownership of 2602435 Ontario Ltd., a real estate holding company located in Perth, Ontario.
  • Sole ownership of a rental property located on Brockville Street in Smiths Falls, Ontario (spouse/common law)
  • Sole ownership of a rental property located on McEwen Avenue in Smiths Falls, Ontario (spouse/common law)
  • Sole ownership of a rental property located on Russell Street in Smiths Falls, Ontario (spouse/common law)
  • Sole ownership of an investment property located on Highway 7 in Perth, Ontario (spouse/common law)
  • Sole ownership of vacant land located on Burridge Road in South Frontenac, Ontario (spouse/common law)
  • “Last 12 months: Income from four rental properties and one investment property” (spouse/common law)
  • “Next 12 months: Income from three rental properties and one investment property” (spouse/common law)
  • Source

John McKay

  • “Joint ownership with spouse and Team Winter Inc. of a rental property located on Albert Street, Uxbridge, Ontario”
  • “Sole ownership of a rental property located on Placid Lane, Haliburton, Ontario”
  • “Last and next 12 months: Rental income from properties”
  • “Sole ownership of a rental property located on Placid Lane, Haliburton, Ontario” (spouse/common law)
  • “Sole ownership of a rental property located on Brock Street East, Uxbridge, Ontario” (spouse/common law)
  • “Sole ownership of a rental property located Durie Street, Toronto, Ontario” (spouse/common law)
  • “Last and next 12 months: Rental income from properties”
  • Source

Greg McLean

  • “Sole ownership of four rental properties located on Brentwood Common NW Street, Calgary, Alberta” (spouse/common law)
  • “Sole ownership of a rental property located on New Brighton Park SE St., Calgary, Alberta” (spouse/common law)
  • “Sole ownership of a rental property located on 15 Ave SW, Calgary, Alberta” (spouse/common law)
  • “Next 12 months: - Income from rental properties” (spouse/common law)
  • “Last 12 months: - Income from rental properties” (spouse/common law)
  • Source

Stephen Ellis

  • “Significant interest in 3341193 Nova Scotia Ltd. which owns real estate”
  • “Director of 3341193 Nova Scotia Ltd.”
  • “Significant interest in 3341193 Nova Scotia Ltd. which owns real estate” (spouse/common law)
  • “Significant interest in VFP Holdings Ltd. which owns real estate” (spouse/common law)
  • “Director of 3341193 Nova Scotia Ltd.” (spouse/common law)
  • “President and Director of VFP Holdings Ltd.” (spouse/common law)
  • Source

Melissa Lantsman

  • “Shares of the following: Riocan Real Estate Investment Trust Units”
  • “Shares of the following: Dream Industrial Real Estate Inv. Trust; Northwest Healthcare Properties Real Estate Inv Trust; Riocan Real Estate Inv. Trust; Slate Office REIT; Choice properties Real Estate investment Trust; Timbercreek Financial Corp” (spouse/common law)
  • Source
Share on Twitter
Share on Facebook

Now, let's turn to the members' corner...

Members' Corner

A deeper dive into today's story - exclusively for subscribers.

This is a members-only story

Support non-profit, reader-funded journalism. Become a member to get access.

Become a member Already have an account? Sign in