The head office of Canada Mortgage and Housing Corp. in Ottawa is close to the city centre, 15 minutes east of Parliament Hill. Over the past two years, the Crown corporation has helped lead the call to build a lot more housing., The Globe and Mail identified hundreds of properties owned by the federal government that would work well for new homes.about 20 acres of land. Almost half of it is devoted to parking. The ample space could house hundreds of families.
In 2017, the Liberals launched a housing strategy that was mostly focused on low-cost loans to private developers. It has financed about 150,000 homes, but manyanybody’s idea of affordable housing. In any case, the scale of the challenge has proved far bigger than one program can tackle. That remains true today. .
The crucial factor is zoning reform. The federal Liberals last fall started offering money to cities that loosen their rules, a plan announced in the 2021 election. But while density such as fourplexes are an important first step, they are not enough. Small apartment buildings remain illegal to build on most civic land across Canada.BC Builds. It could increase supply by about 5 per cent a year.
There’s a shortage of housing, but there’s no shortage of land that could comfortably accommodate many new homes.
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