OTTAWA - The federal government is eyeing underutilized Canada Post and National Defence properties as a way to deliver affordability and supply to the country's housing market.
In order to close the gap between housing supply and demand, the Parliamentary Budget Officer has said the country needs to build 181,000 additional units on average each year until 2030, leaving the nation with 3.1 million net housing units. The government said it is assessing six Canada Post properties - three in Quebec, two in B.C. and one in Alberta - for housing development potential and named another 33 areas where the mail service has land that could be used for building.
The government reasons that more land freed up for building will help push down housing costs for average Canadians, which it wants to see spend no more than 30 per cent of their income on shelter. The budget said the average rent was up 8.2 per cent year-over-year in February, its fastest pace since the early 1980s.
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