Canada is not yet on track to restore affordability in the housing market, and the federal housing agency says a 'Team Canada' approach is needed.
This duplex is under construction in the southwest Calgary community of Shaganappi. Canada is not currently on track to build the 3.5 million additional homes needed to restore affordability before the end of the decade.
And while the officials' proposed solutions — building denser cities, incentivizing private investment in housing and boosting public investment in social housing — are shared by many housing experts, no one has yet presented a plan for executing these ambitious changes across levels of government.Instead, politicians have been quick to place blame elsewhere, taking particular aim at municipalities for standing in the way of new developments.
An outspoken voice on housing policy, Moffatt has been sounding the alarm about the political implications of failing to act. He warned that young people are ready to give up on today's political system. "We don't anticipate any significant improvement in affordability in the next couple of years," the report said.
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