The 2013 federal budget included financing for Affordable housing and homelessness:
- 5 year renewal of the three expiring programs, at existing funding levels.
- "Housing First" principles to be emphasized in the Homelessness Partnership Strategy
- Explicit role for FCM in implementation of Housing First principles in HPS.
The budget's 5 year commitment to federal investments in affordable housing programs will provide needed certainty to municipalities and other housing providers that are working to deliver affordable housing solutions for Canadians.
There are still holes in our housing system. Canadians are carrying record levels of household debt while a growing number are being priced out of the housing market, including the workers urgently needed to drive industry in fast growing regions. Demand will continue to outstrip supply in our slow growing and underdeveloped rental market as more Canadians look for new housing options they can afford.
All orders of government must work together to fix these holes in our housing system and build the foundations for future economic growth.
More on housing
"Access to a range of acceptable housing choices, including safe, adequate and affordable housing, is a critical component of active aging." From Canada's Aging Population: The Municipal Role in Canada's Demographic Shift.