Carolyn Whitzman, PhD, is a senior housing researcher at the University of Toronto School of Cities, a member of the federal Expert Panel on the Homebuilding Industry and the author of Home Truths: Fixing Canada’s Housing Crisis. [...] However, two-thirds of the homes created by the program don’t address the stated targets of the strategy, which were to reduce the number of households in core housing need by 530,000 and to cut chronic homelessness by half. [...] Many of the ideas in the plan echo those in Affordable Housing Reboot: Bring Back Federal Leadership by the Affordability Action Council (2023) and proposals from other housing policy advocates (Canada-British Columbia Expert Panel on the Future of Housing Supply and Affordability, 2021; Canadian Housing and Renewal Association, 2022; Richter et al., 2023; Task Force for Housing and Climate, 2024). [...] New financing options: Prioritizing deeply affordable housing There is another sign in Canada’s Housing Plan that the federal government is starting to learn from the successes of the past: a willingness to use the Canada Infrastructure Bank to finance housing, and increasing the annual limit of Canada Mortgage Bonds — bonds guaranteed by CMHC and used as investment vehicles in residential mortgag. [...] High-level recommendations from the National Housing Council to the Minister of Housing and Diversity and Inclusion on the progressive realization of the right to adequate housing [Press release].
Mentioned Organizations
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- 24
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- Canada
