Friday, September 17, 2021
ADVT 
National

Experts say budget is hit-and-miss on housing

Darpan News Desk The Canadian Press, 20 Apr, 2021 07:11 PM
  • Experts say budget is hit-and-miss on housing

Experts and advocates say countrywide government measures aimed at putting housing within reach of more Canadians mark a step in the right direction, despite a few misses and ham-fisted moves.

Yesterday's federal budget promised $2.4 billion over five years for affordable housing and followed through on a pledge to tax foreigners who own vacant homes in Canada.

Vancouver Mayor Kennedy Stewart and Toronto Regional Real Estate Board president Lisa Patel both applauded the commitments for trying to tackle affordability as real estate prices soar across the country, though Patel questioned whether a vacancy tax would make a dent in prices or supply.

Prof. Tsur Somerville, a real estate expert at the University of British Columbia's Sauder School of Business, cast doubt on whether a national tax for a price problem particular to urban and suburban areas was appropriate, saying cottage country as well as tourist hot spots such as Banff and Mont Tremblant could suffer.

Jill Atkey, CEO of the B.C. Non-Profit Housing Association, says she welcomed the budget's one-year, $1.5-billion extension of the popular Rapid Housing Initiative, which funds construction of modular homes and conversion of existing properties into residences.

However, she says she was "profoundly disappointed" the 739-page document did not carve out an urban, rural Indigenous housing strategy, first promised by the Liberal government in 2017.

MORE National ARTICLES

Military police blasted over misconduct probes

Military police blasted over misconduct probes

The women voiced their complaints today to the House of Commons committee on the status of women, which is grappling with how to eliminate sex misconduct in the armed forces.

Military police blasted over misconduct probes

Leaders criticize federal budget as debate opens

Leaders criticize federal budget as debate opens

Federal NDP Leader Jagmeet Singh says he knows where he's seen two of the Liberals' signature budget promises before: his own party's election platforms.

Leaders criticize federal budget as debate opens

Fire engulfs unfinished condo in Langley, B.C.

Fire engulfs unfinished condo in Langley, B.C.

The fire broke out at around 9:30 p.m. Monday at the development in Langley's Willoughby neighbourhood, about 45 kilometres east of Vancouver.

Fire engulfs unfinished condo in Langley, B.C.

Budget: Promises you might have missed

Budget: Promises you might have missed

The federal Liberal government’s first budget in more than two years makes big promises on child care, the environment and readying the country’s economy for a post-pandemic rebound.

Budget: Promises you might have missed

Trudeau, Freeland seeking vaccine appointments

Trudeau, Freeland seeking vaccine appointments

Many pharmacies reported in recent days that appointments for people 55 and up were going unfilled, and there was a risk some doses were going to go to waste.

Trudeau, Freeland seeking vaccine appointments

Provinces balk at Liberals' child-care pledge

Provinces balk at Liberals' child-care pledge

Yesterday's federal budget outlined $27.2 billion over five years, starting this fiscal year, in new spending the Liberals want to send to provinces to subsidize daycares.

Provinces balk at Liberals' child-care pledge

PrevNext