I am opposed to the idea of the city creating the Burnaby Housing Authority . The taxpayers of Burnaby should not be on the hook for 100 per cent of the cost of building affordable housing and managing them. The city is already contributing to the cause as in the case of $20.4 million in land value provided towards two non-market housing projects on 7388 Southwynde Ave. and 7730 Sixth St.
This should be the responsibility of the provincial and federal governments to continue funding affordable housing. While it is noble, the city should stay in its own lane and provide its growing population with amenities such as swimming pools, ice rinks, community centres, recreation centres, libraries and day to day services first and foremost. ie.
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Interest Rates Won't Fix Housing Affordability: MacklemLaura has covered real estate in Toronto, New York City, Miami, and Los Angeles. Before coming to STOREYS as a staff writer, she worked as the Toronto Urbanized Editor for Daily Hive.
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Bank of Canada Governor says monetary policy cannot solve housing affordability problemBank of Canada Governor Tiff Macklem stated that monetary policy cannot solve Canada’s housing affordability problem or boost the country’s longer-term economic growth prospects. He emphasized that central bankers do not have control over other key economic variables.
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