, building on recent announcements with new tax incentives, more than a billion dollars for homelessness and a country-wide effort to build more housing on public lands.
The parliamentary budget officer released a report Thursday that estimates Canada would need to build 3.1 million homes by 2030 to close the housing gap. “But if we work together … and create incentives to encourage each other to actually adopt policies that will help us get us to where we need to be, I know that we can accomplish this extraordinarily important task.”
It’s also extending the GST exemption on rentals to student residences built by public universities, colleges and school authorities.The plan also earmarks more money to tackle homelessness as communities across the country struggle with encampments and limited shelter spaces. The implementation of the Liberals’ housing plan will be in part contingent on co-operation from provinces and territories, some of which have already pushed back on the federal government over what they argue is jurisdictional overreach.Quebec, Saskatchewan, Ontario and New Brunswick were unhappy with Ottawa’s decision to make access to new infrastructure money contingent on a set of conditions, including legalizing fourplexes.
As the Liberals aggressively sell their housing plan, whether it lands with Canadians will depend on whether they still have faith that the incumbent government can solve their problems.
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