Government of Canada to Announce New Housing Measures
November 14, 2024
The Government of Canada is set to make a major announcement on housing on Tuesday, November 15, 2024. The announcement is expected to include a range of new measures designed to address the country’s housing affordability crisis.
The announcement comes as the average price of a home in Canada has soared to over $800,000, making it increasingly difficult for many Canadians to afford a place to live. The government has been under pressure to take action on housing affordability, and the announcement on Tuesday is expected to be a significant step in that direction.
According to sources, the announcement will include measures to:
- Increase the supply of affordable housing
- Help first-time homebuyers get into the market
- Provide support to renters
- Address the issue of homelessness
The government is expected to provide more details about the measures on Tuesday.
The announcement is being welcomed by housing advocates, who have been calling for action on housing affordability for years.
“This is a positive step forward,” said David Eby, the CEO of the Canadian Housing and Renewal Association. “The government is finally recognizing that housing affordability is a major issue that needs to be addressed.”
Eby said he is hopeful that the measures announced on Tuesday will be effective in making housing more affordable for Canadians.
“We need to see a significant increase in the supply of affordable housing,” said Eby. “We also need to make it easier for first-time homebuyers to get into the market.”
Eby said he is also hopeful that the government will provide more support to renters, who are often the most vulnerable to housing affordability issues.
“Renters need more protection,” said Eby. “They need to be able to afford to live in safe and decent housing.”
The government’s announcement on housing is expected to be a major step forward in addressing the country’s housing affordability crisis. The measures announced on Tuesday will be closely watched by housing advocates and Canadians alike.
Government of Canada to make housing announcement
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