accelerate its efforts in making more homes affordable, as Conservatives described the federal government’s housing programmes “delayed, mismanaged and ineffective”. “Flashy announcements and promises of ever-increasing spending will not fix the housing affordability crisis in Canada. We need a housing plan in Canada that gets homes built and empowers Canadians to be able to own a home in their lifetime,” Leader of the Opposition in the House of Commons Gerard Deltell and Tory housing critic Brad Vis said in a statement.
The pair pointed out that despite the expansion in overall funding, the CMHC’s assistance for housing need programmes rose by $192 million per year, which in fact represents a 15 per cent decrease in federal spending’s purchasing power in a white-hot real estate market. Over the recent past, the agency’s agreements with several provinces expired, while it also dropped 183,000 housing units for low-income communities from its support roster.
