Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap Canadian gov't announces plan to solve national housing crisis !

Canadian gov't announces plan to solve national housing crisis

Time:2024-05-07 23:15:05 source:Universal Unfoldings news portal
OTTAWA, April 12 (Xinhua) -- The Canadian federal government on Friday announced its vision and plan to solve the national housing crisis. According to a news release issued by the prime minister's office, the plan lays out a bold strategy to unlock 3.87 million new homes by 2031, which includes a minimum of 2 million net new homes, on top of the Canada Mortgage and Housing Corporation's forecast of 1.87 million being built anyway by 2031. Federal actions in this plan, in Budget 2024, and taken in fall 2023 will support at least 1.2 million new homes and the federal government calls on all orders of government to build at least 800,000 more homes by 2031, the release said. At the heart of this plan lies a commitment to make housing affordable. No hard-working Canadian should have to spend more than 30 percent of their income on housing costs. No Canadian should have to live without knowing they have a safe and affordable place to live, the release said. According to the release, one of the biggest pressures on Canadian people right now is housing. Young Canadians are renting more than ever and being priced out of their communities. Families are finding it difficult to get a good place to settle down. The cost to build homes is too high, and the time it takes to finish projects is too long.  

(Editor:Liao Yifan)

Related information
  • DR MAX PEMBERTON: We need more female doctors in the NHS... but there is a downside
  • Afternoon tea makes a comeback thanks to the snap
  • As King Charles' slimmed
  • Apple makes a major change that makes it significantly cheaper and easier to repair broken iPhones
  • Brooke Shields and model daughter Grier Henchy, 18, get matching tattoos with a sentimental meaning
  • Prince Andrew WON'T write tell
  • Police release name, photo of 'dangerous' suspect in kidnapping
  • 9/11 first responder 'who shot a man dead in a South Carolina Chick
Recommended content
  • Merlier wins Giro Stage 3 after Pogacar fires up finale and stays in the lead
  • Which celebs have had the 'Biden facelift'? Top plastic surgeons spill all
  • Government delayed vape rules to suit retailers, campaigners say
  • DAN WOOTTON: Has Meghan swerved the Coronation because she can't stand the thought of being booed?
  • Redfin agrees to pay $9.25 million to settle real estate broker commission lawsuits
  • Brunei's Prince Abdul Mateen