Feds reveal $40 billion ten-year low-cost housing scheme

The federal government has announced a $40 billion long-term housing strategy designed to provide “affordable” housing and help the homeless. It will not begin until after the next election and roll out over ten years. Among other things, the prime minister said that “housing rights are human rights.” The ambitious plan promises to tackle everything from homelessness, the shortage of new housing units and repairs to existing units. Mayor Tory was laudatory of the strategy saying it shows the federal government was paying attention to the concerns raised by Canada’s seven big-city mayors when they met last year.

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