Expectations high for proposed national housing strategy, CMHC says
OTTAWA — The Crown corporation overseeing work on a national housing strategy is signalling that those interested in the plan should temper their expectations about the final outcome.
Housing advocates have long called for a national plan on housing to move people out of shelters and into homes, increase the stock of affordable housing — an area the federal government has retreated from over the last three decades — and deal with concerns about affordability in the country’s biggest cities.
That has led to high expectations.
The head of the Canada Mortgage and Housing Corp., suggested Tuesday that the combined cost of implementing all those expectations would likely be too much for the federal budget to handle.