CMHC sets target to make housing affordable for every Canadian by 2030

An estimated 1.6 million households are considered in ‘core housing need’

A federal housing agency hopes to see every Canadian with an affordable home by 2030 with a plan that lays out a path of experimentation to make it happen.

The Canada Mortgage and Housing Corporation says today that meeting that 2030 target will take help from governments and the economy — hence the aspirational nature of the goal.

An estimated 1.6 million households are considered in “core housing need,” meaning that people live in places that are too expensive for them or that don’t meet their needs.

The plan says hitting the mark will also require removing barriers to housing based on gender, race, sexual orientation and gender identity.

READ MORE: B.C. home sales drop 25% in 2018

READ MORE: ‘Subdued’ housing market predicted in B.C. through 2021, report says

The target is one that the corporation had talked about with stakeholders for months as it took the lead on delivering most of the money in the federal government’s 10-year, $40-billion housing strategy.

Over the next year, the agency plans to dole out some $2.4 billion in loans and funding as part of the strategy and to build 8,300 units and repair 15,000 more by this time next year.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Just Posted

EDITORIAL: No think-tank report cards for the Observer

Fraser Institute’s annual school ranking isn’t a good measure of success, editor Grace Kennedy writes

LETTER: Why is Jati Sidhu ashamed of his riding?

Lytton’s Christopher di Armani shares his dismay at the potential name change of the MP’s riding

Fraser-Cascade School Board votes to invest in protecting the future of its students’ hearing

Decibel monitors to be installed in secondary schools’ machine shops as a visual guide

Kent-Harrison Foundation celebrates 25 years

The foundation started in 1994 on the promise of a two-for-one donation deal

Bucket-list flight for Chilliwack grandmother

Hampton House resident treated to a beautiful plane ride in Moments that Matter

Harrison Hot Springs students bring ‘Twelfth Night’ to life

The adaption of Shakespeare’s classic comedy include songs and phrases from Canada’s east coast

Sparks fly as SUV speeds down wrong side of Highway 1 trying to flee RCMP

Captured on video, the vehicle headed westbound against oncoming traffic before crashing

Fundraising campaign launched for man caught in SilverStar avalanche

In only two days, the GoFundMe surpassed its $15,000 goal

B.C. doctor reprimanded for accessing medical records without consent

Doctor admits to accessing records of the woman carrying his child

Video service to compete with Netflix, Amazon expected from Apple on Monday

The iPhone has long been Apple’s marquee product and main money maker, but sales are starting to decline

Edmonton judge to rule on whether Omar Khadr’s sentence has expired

Canada’s top court ruled punishment handed Khadr for alleged acts committed in Afghanistan when he was 15 was to be a youth sentence

Kootenay city councillor starts nationwide climate caucus for municipal politicians

Climate Leadership Caucus has 57 members including seven mayors

Trudeau delivers campaign-style speech while introducing candidate Taggart

The Order of British Columbia recipient said she wants to be the people’s voice in Ottawa

Stolen Bentley spotted going wrong way down highway found in Summerland

The car has been recorded going the wrong way on the Coquihalla, found two days later

Most Read