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

Bastion Street bridge closed for construction work

Span connecting downtown to Old City Quarter closed to vehicle traffic for six weeks

Governor General’s Award-winning author launches her new book

Wendy Phillips’s ‘Baggage’ is told in experimental ‘free verse’ style

Nanaimo city councillors to hold e-town hall meeting on strategic priorities

Meeting will take place May 23 at the Vancouver Island Conference Centre

Nanaimo Heritage Festival helps highlight the long weekend

Parade and family activities took place downtown today, May 19

Crews putting out one of the first wildfires of the season in Nanaimo

Nanaimo Fire Rescue, B.C. Wildfire Service called to Doumont Road fire

‘Teams that win are tight’: B.C. Lions search for chemistry at training camp

The Lions added more than 50 new faces over the off-season, from coaching staff to key players

Nanaimo ferry stops to let bear swim past

Queen of Oak Bay brakes for wildlife

Two cats die in house fire in Nanaimo

Fire happened just after 2 p.m. Sunday on Fifth Street, one resident displaced

Mamma Mia! poised to be biggest Chemainus Theatre show ever

Plenty of buzz as Island dinner theatre schedules ABBA-fueled romp

New book from Island author details social history of the E&N railway

Along the E&N tells the story of 32 establishments from Esquimalt to Campbell River.

Wellington Secondary drama program stages adaptation of ‘Alice in Wonderland’

Production will feature two actresses in the role of Alice

LETTER TO THE EDITOR: Say no to plastic straws

Straws make drinking frappuccinos easier, but they kill sea creatures, says letter writer

RDN looking into providing bus service 365 days a year

RDN transit committee to consider adding bus service on Christmas, New Year’s and Good Friday

Should B.C. already be implementing province-wide fire bans?

A petition is calling for B.C. Wildfire Service to issue a ban to reduce risk of human caused wildfires

Most Read