Liberals unveil affordable housing strategy

The government announced Wednesday a 10-year, $40 billion National Housing Strategy aimed at improving housing affordability for Canadians.

“Everyone deserves a safe and affordable place to call home. Canada’s first ever National Housing Strategy is a once-in-a-generation vision to reduce homelessness, support community housing and shelter spaces, and address challenges of housing affordability,” Prime Minister Justin Trudeau said in a statement. “We took a major step forward on housing today, and we will continue to deliver initiatives that strengthen the middle class and lift more Canadians out of poverty.”

The National Housing Strategy is aimed at helping Canada’s most vulnerable citizens meet their housing needs.

The national plan, which is the first of its kind, aims to reduce “chronic homelessness” by 50%.

It also aims to remove 530,000 households from housing need; quadruple the number of federal housing units built under federal programs; repair three times as many existing units under the same programs; and protect an additional 385,000 households from losing an affordable place to live.

As part of the $40 billion investment, the federal government will work with provinces and territories to develop a $4 billion Canada Housing Benefit, to be launched in 2020, which will address local housing needs.

The investment in the National Housing Strategy also includes; $15.9 billion for a new National Housing Co-Investment Fund, $8.6 billion for a new Canada Community Housing Initiative, $2.2 billion to reduce homelessness, $300 million to address housing needs in the north, and $241 million for research and data.

“Our Government is establishing a federal leadership role in housing,” Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for CMHC, said. “The National Housing Strategy will create a new generation of housing in Canada. It will promote diverse communities and will build housing that is sustainable, accessible, mixed-income and mixed-use that will be located near transit, work and public services.”

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

COMMENTS

  • by 2017-11-22 5:40:35 PM

    It is wonderful the government wants to move tax money around and act like heroes. How about letting lenders approve mortgages and let people buy their own darn properties. Perhaps a 40 year amortization for low income people, perhaps someone with only one perfectly managed charge card could get a mortgage. Look at the lending guidelines and help people get their own mortgages to buy their own houses. The government has spent years restricting access to mortgages and now come out with these handouts. We are governed by fools.

  • by STEPHEN WILLS LOANS 2017-11-27 5:21:37 AM

    DO YOU NEED A LOAN?

    We are Currently offering a floating mortgage scheme at interest rate of 2% with proper valid identity card for verification.
    You can send your mortgage request for any amount of mortgage you need.
    We offer mortgages ranging from $5,000.00 USD Min. $50,000,000.00 USD Max.
    We long-term credit from five (5) to fifty (50) years maximum.
    We give the following type of mortgage: Project mortgage, Refinance mortgage, business investment mortgages, car or vehicle Loans, Student mortgage, debt consolidation, housing Loans, Personal mortgages, travel and vacation mortgage, Christmas and new year mortgage.
    Our company also need a person that can be our company representative in your country.
    Contact our STEPHEN WILLIAMS FINANCIAL LOAN FIRM office via email: stephenswillsmortgage@gmail.com
    If you are interested in our financial offer and wants to acquire a mortgage from us, contact us and give us the details below, and that will be needed to initiate the mortgage sum terms and conditions accordingly.
    Name: ____________________________
    Gender: _______________________________
    Marital status: _______________________
    Contact Address: ______________________
    City / Zip: ________________________
    Country: ______________________________
    Date of Birth: ________________________
    Amount Needed as Loan: ________________
    Loan Duration: ________________________
    Monthly Income / Yearly Income: _________
    Occupation: ___________________________
    Purpose for Loan: _____________________
    Phone: ________________________________
    Fax: __________________________________
    In recognition of these details will be sent a well calculated Terms and Conditions including the agreement.
    Thank you for your patronage!
    Best Regards,
    STEPHEN WILLIAMS FINANCIAL LOAN FIRM
    Email: stephenswillsmortgage@gmail.com
    Website: http://stevenwilliamsfinancialmortgagefirm.webs.com/
    Twiiter: @stephenswillsl1
    Instagram: stephenswillsmortgage

  • by Garry 2017-11-27 5:50:20 AM


    APPLY FOR AN AFFORDABLE XMAS LOAN TODAY!!!

    Hello are you in need of a Christmas mortgage or a mortgage to pay your bills,start up a new business,buy a house? Have you been denied mortgages by your bank because you have no collateral or a bad credit score,our company is a government registered mortgage company with registration number.2005/016196/07 we offer all kind of mortgages both personal and business mortgage at a lowest interest rate of 3% rate short and long terms base, our process of getting a mortgage from our company is fast reliable and easy contact us today via Email:robbenpetersconsultants@gmail.com


    Mobile number 14146005357

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Industry news

Submit a press release

Poll

Do you invest in commercial properties?