this post was submitted on 05 Apr 2024
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Would be great if there's also a fund for new starts! Affordable units may not be available everywhere, for places where it's not, denser new starts could fill the gap, especially since non profits could choose to focus more on quality/affordability/sustainability.
There are two massive policy gaps that the federal and provincial governments are failing to close:
Both the federal Conservatives and Liberals are "encouraging" relaxation of gAtEkEePers by getting provinces/municipalities to remove restrictions on construction. But we can't rely on the private builders to create housing that will be affordable to most young Canadians.
EDIT: added the tax thing.
How many millions are we behind? With an average occupancy of 2.5, some 4M houses would house 10M population, which is the equivalent of 20 years of population growth in Canada.
4.4 million units is one estimate. I think the Bank of Montreal released similar numbers in 2021ish, but I can't find the doc.
We dramatically cut back on funding affordable housing in the 80s and 90s, so our affordable stock has been shrinking even before population growth.
That's crazy. 30 yrs of housing shortages