Canada's housing affordability problem too big for governments to solve alone: CMHC report

“The scale of the challenge is so large that the private sector must be involved — governments cannot do this on their own,” the CMHC argued, suggesting solutions that vary from financial support and more construction of social and affordable housing for those with lower incomes, as well as increased supply of housing aimed at the market.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.

Since 2010, the price of housing in Canada has skyrocketed by 105 per cent — just behind New Zealand’s 111 per cent growth — the report released Monday said. By comparison, prices in the United States have grown 47 per cent over the same period.Article content “Canada has seen the greatest price growth in this group,” the national housing agency said, adding that while real incomes have risen strongly in the country, they have not matched house prices.

The CMHC noted how those with low incomes suffer acutely from high housing costs, despite affordability issues affecting all Canadians. It said affordability challenges are “most intense” for low-income households, who spend a higher proportion of their income on housing. “Unfortunately, we face immense affordability challenges in many parts of Canada and housing cost burdens for Canadians across the income spectrum,” it added.

financialpost It is hard to accept that government cannot solve a simple house affordability problem but it can resolve national security issues.

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Government can’t solve housing issues alone, private sector must be involved, CMHC report saysThe national housing agency says rent subsidies and more social housing are helpful, but more needs to be done For instance, provincial goverments are the only goverments in control of the housing crisis, and the bank of Canada, not the federal goverment as some would like you to belive!! Provincial only goverments are to blame!! At the behest of the Liberals - Chretien and Martin, the CMHC stopped building 25,000 Section 95 co-ops in the 1990s and the private since has created 'affordable' rents at $2500/mo, not much hope here.
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Canada's housing affordability problem too big for governments to solve alone: CMHC reportCanada has experienced the second\u002Dhighest rate of growth in house prices among a range of developed countries over the last decade. Read on. Government creates all of these problems. Canadians are so cucked. Governments caused it so how do you think they will end it? How is opening the Greenbelt for Developers to buy helping. Are they hoing to build & sell at cost? Is fordnation is getting $ from Developers? Follow the $$
Source: nationalpost - 🏆 10. / 80 Read more »

Canada's housing affordability problem too big for governments to solve alone: CMHC reportCanada has experienced the second\u002Dhighest rate of growth in house prices among a range of developed countries over the last decade. Read on. StephHughes95 Govt taxation & regulation has make investment in housing unaffordable. They have created this problem. The fix is obvious. Especially so when we're told in BC that we've been taxed in excess of $5bill.
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