Ever since the federal government stopped building housing in the 90s and let the housing market function without intervention the cost of housing in the country has skyrocketed. The lack of action and leadership at both the federal and the provincial levels has led to our current housing crisis. An organization, More and Better Housing, has plotted out Canada can easily solve our housing issues.
Four Pathways to Housing Affordability
- Making home ownership and rent more affordable by cutting building costs.
- Keeping property taxes and transportation costs in check by allowing more building in convenient locations.
- Lowering insurance and maintenance costs by building sturdier homes in safer areas.
- Reducing utility bills with energy-efficient homes.
The new report analyzes specific recommendations from the Blueprint, finding that they give governments the tools to drive down five key shelter costs, which make up over 40% of middle-class household budgets.