Sunday, October 1, 2023
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Canada

Ottawa is falling short on creating more affordable housing: watchdog – National

MtR by MtR
August 10, 2021
in Canada
0
Ottawa is falling short on creating more affordable housing: watchdog – National


Parliament’s budget watchdog says the government is falling short of its aim to vastly expand Canada’s affordable housing stock despite a spending ramp-up in the billions.

Related articles

Canada’s economy stalled in July as previous rate hikes took hold

Canada’s economy stalled in July as previous rate hikes took hold

October 1, 2023
Housing market pause will persist, Deloitte Canada says – Pembroke Observer

Housing market pause will persist, Deloitte Canada says – Pembroke Observer

October 1, 2023

In a report published Tuesday morning, budget officer Yves Giroux says Ottawa topped up expenditures on its national housing strategy by nearly one quarter for an average of $3.7 billion annually over the past three years.

But he says expired community housing deals with the provinces, a shift toward pricier affordable homes and program lags at the Canada Mortgage and Housing Corporation have “limited the impact” of the Liberal government’s plan.

READ MORE: House hoarding? Why some upsizing homebuyers aren’t selling their old homes

Since 2018 the CMHC, which oversees the bulk of the three-year-old strategy, spent less than half of the $1.2 billion allocated for two key initiatives: the National Housing Co-Investment Fund and the Rental Construction Financing Initiative.

Trending Stories


  • New Moderna plant opening in Canada, but we still don’t know where


  • Man gets 25 years for killing his underage sister’s rapist in prison

Story continues below advertisement

As of last October, the Crown corporation had committed to creating 12,230 affordable housing units under the two programs, with nearly two-thirds of them capped at 72 per cent of median household income — well above the roughly half of median market rent mandated for the other one-third.

The report projects that the number of households in need of an affordable place to live will increase to about 1.8 million within five years unless more funding flows toward the problem.

In April, the federal budget promised $2.4 billion over five years, beginning with nearly $1.8 billion this fiscal year, for affordable housing and followed through on a pledge to tax foreigners who own vacant homes in Canada.


Click to play video: 'Priced out: Will the Canadian housing market crash? Why home prices may stay hot'






2:04
Priced out: Will the Canadian housing market crash? Why home prices may stay hot


Priced out: Will the Canadian housing market crash? Why home prices may stay hot – Jun 5, 2021




© 2021 The Canadian Press





Source link

Related Posts

Canada’s economy stalled in July as previous rate hikes took hold

Canada’s economy stalled in July as previous rate hikes took hold

by MtR
October 1, 2023
0

A shipping container is unloaded at the Port of Montreal in Montreal, Quebec, Canada, May 17, 2021. REUTERS/Christinne Muschi Acquire...

Housing market pause will persist, Deloitte Canada says – Pembroke Observer

Housing market pause will persist, Deloitte Canada says – Pembroke Observer

by MtR
October 1, 2023
0

Housing market pause will persist, Deloitte Canada says  Pembroke Observer Source link

BlackBerry (NYSE:BB) Receives “Sector Perform” Rating from Royal Bank of Canada

BlackBerry (NYSE:BB) Receives “Sector Perform” Rating from Royal Bank of Canada

by MtR
September 30, 2023
0

BlackBerry (NYSE:BB - Get Free Report)'s stock had its "sector perform" rating reissued by equities researchers at Royal Bank of...

Royal Bank of Canada Increases Enerplus (NYSE:ERF) Price Target to $21.00

Royal Bank of Canada Increases Enerplus (NYSE:ERF) Price Target to $21.00

by MtR
September 30, 2023
0

Enerplus (NYSE:ERF - Get Free Report) (TSE:ERF) had its price target boosted by Royal Bank of Canada from $19.00 to...

Royal Bank of Canada Raises Vertex Pharmaceuticals (NASDAQ:VRTX) Price Target to $348.00

Royal Bank of Canada Raises Vertex Pharmaceuticals (NASDAQ:VRTX) Price Target to $348.00

by MtR
September 30, 2023
0

Vertex Pharmaceuticals (NASDAQ:VRTX - Get Free Report) had its price objective boosted by investment analysts at Royal Bank of Canada...

Load More
  • Trending
  • Comments
  • Latest
Bank of England tells ministers to intervene on digital currency ‘programming’

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021
Tips for checking smoke alarms during daylight saving time

Tips for checking smoke alarms during daylight saving time

March 12, 2022
GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021
What will Durham County education bonds pay for? A full list

What will Durham County education bonds pay for? A full list

July 8, 2022
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0
Canada’s economy stalled in July as previous rate hikes took hold

Canada’s economy stalled in July as previous rate hikes took hold

October 1, 2023
Nifty October series outlook: 4 stocks where investors can park their money; do you own?

Nifty October series outlook: 4 stocks where investors can park their money; do you own?

October 1, 2023
NRB issuing development bonds worth Rs 13.10 billion today

NRB issuing development bonds worth Rs 13.10 billion today

October 1, 2023
Financially Independent Stock Trader Shares Biggest Investing Mistake

Financially Independent Stock Trader Shares Biggest Investing Mistake

October 1, 2023

Recent News

Canada’s economy stalled in July as previous rate hikes took hold

Canada’s economy stalled in July as previous rate hikes took hold

October 1, 2023
Nifty October series outlook: 4 stocks where investors can park their money; do you own?

Nifty October series outlook: 4 stocks where investors can park their money; do you own?

October 1, 2023
NRB issuing development bonds worth Rs 13.10 billion today

NRB issuing development bonds worth Rs 13.10 billion today

October 1, 2023

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter