The Wellesley Institute has released a position paper on housing in Canada (here called “pre-budget submission”), concluding with a strong recommendation to the Government, together with facts and arguments which support the recommendation. Here is a brief summary:
Our main housing concern in the current pre-budget process: Federal housing investments over the past two decades have not kept pace with inflation, population growth or the growing need for healthy, affordable homes across Canada – creating a heavy burden on lower-income Canadians…
Our recommendation: Maintain federal housing investments at 2010 level of $3 billion through the creation of a new national housing fund that would be supported with tax- based revenues, the allocation of housing-generated revenues from Canada Mortgage and Housing Corporation and innovative financing.
The full five-page document is available in pdf.