The Parliamentary Finances Officer says the variety of households in want continues to be rising despite the fact that Canada is spending billions of {dollars} a 12 months to handle housing affordability,
A brand new report from the funds watchdog this morning says 2.4 million Canadian households at the moment are in core housing want.
Meaning they’re residing in unaffordable, unsuitable or insufficient housing.
In 2017, Canada unveiled its nationwide housing technique to assist enhance entry to inexpensive houses by 2027.
However the PBO report says by then, one other 200,000 households will likely be in housing want, largely as a result of incomes have not stored up with rising utility, lease, mortgage and property tax prices.
The report does say with out the federal government’s initiatives, there can be about 78,000 extra households in want of inexpensive houses.
This report by The Canadian Press was first printed Dec. 12, 2024.
