this post was submitted on 04 Aug 2023
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Globe editorial: Justin Trudeau needs to make housing a primary federal responsibility (www.theglobeandmail.com)
submitted 2 years ago* (last edited 2 years ago) by [email protected] to c/canada
33 comments fedilink hide all child comments
 

There are about 16.3 million homes in the country. Canada Mortgage and Housing Corp. last year calculated that, for prices to moderate, 5.8 million more are needed over the next decade – that’s 3.5 million on top of the 2.3 million that would otherwise be built. Look at those numbers and wonder why the Prime Minister held a press conference for 214 homes. Look at those numbers and consider the national housing strategy’s modest impact, 107,519 homes, so far.

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[–] [email protected] 30 points 2 years ago (11 children)

I love when the news tries to blame Trudeau for provincial issues instead of, y’know, the provincial leaders

[–] BedSharkPal 8 points 2 years ago (4 children)

I don't buy this idea. The feds have all sorts of things they can do. Can they solve the crises alone? Of course not. But they can sure as hell help.

Let's start with capital gains on the sale of a home...

[–] Omega_Jimes 1 points 2 years ago (3 children)

What tools do they really have, other than money?

Really, what tools do the federal government have that can be used, and have effect, in local legislation?

[–] michaelmelanson 3 points 2 years ago* (last edited 2 years ago)

They have the Canadian Mortgage and Housing Corporation (CMHC), the same people who currently provide mortgage insurance. In their original 1945 mandate, they were responsible for building housing for returning war veterans, as well as loans to purchase them. It was only later, in the 1980s, that the building part was dropped and they took up their current role.

So the federal government has the option of returning the CMHC to its original mandate.

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