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

Thief throws rock through window to steal from Nanaimo business

Nanaimo RCMP advise ‘no cash on site’ signs in storefronts

Clippers lose a close one against league-best Vees

Nanaimo falls 4-3 to Penticton in BCHL action at Frank Crane Arena

LETTER TO THE EDITOR: Leadership needed on environment

We need to insist that federal parties take a stand on tackling climate change, says letter writer

Thief in Nanaimo steals tablet from vehicle, tries to make online purchases

RCMP remind motorists not to leave valuables in vehicles overnight

RDN grants $1.1 million for replacement of leaky pipes in Cedar

Tender for installation of PVC pipe on Cedar Road area closes Oct. 9

Kids meet machines at diabetes research fundraiser at Nanaimo’s port

Meet a Machine was held Saturday at the Port of Nanaimo

B.C. Lions hype-man marks 15 years of cheers

Crazy P cheers, chants, bangs his drum and spreads a message of love

Island music trivia tournament a hit on World Alzheimer’s Day

More than $13,000 raised by people naming that tune

Festival parade ‘jazzes’ up downtown Nanaimo

Nanaimo International Jazz Festival closes with Laila Biali Trio Sunday

Opposition to 388 Machleary proposal over-extends public hearing

Nanaimo residents 10-1 against development plan in Old City Quarter, public hearing to be continued

Nanaimo Astronomy Society guest will talk about array of antennas

Guest speaker tells about working with 16-kilometre radio observatory in Chile

Nanaimo high school students cut class to attend climate action rally

Extinction Rebellion Nanaimo rally raises awareness, demands action against climate change

PHOTOS: Steller sea lion with plastic around neck rescued on Vancouver Island

Rescue staff determined the plastic band cut the protected animal’s neck approximately two inches

Nanaimo beekeepers take down nest of giant hornets

One nest eradicated at Robins Park, but there are still Asian giant hornets around

Most Read