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

Sylvan Lake Bantam B Lakers score Tier 5 championship

The Lakers drowned Chestermere when they swept the playoff series for the league title

PHOTOS: Hockey Central Midget Panthers fight for league title

The Panthers are in a best-of-five series against St. Albert for the REMHL title.

Sylvan Lake Curling Club’s season comes to an end with mixed bonspiel

The Mixed Bonspiel was held at the NexSource Centre, March 15-17.

Photo Gallery: Royalty and heroes let loose in Sylvan Lake

The second annual Capes and Crown Ball raised funds for Sylvan Lake’s kcs.

Town of Sylvan Lake reviews its snow and ice control policy

At Monday’s meeting Council approved changes to the policy and asked for a public open house

The good, bad and the unknown of Apple’s new services

The announcements lacked some key details, such as pricing of the TV service

Study: Why Canadian police should have a dedicated animal cruelty unit

People view fighting animal cruelty as a public responsibility

One person dead in head-on collision near Stettler

Stettler RCMP investigate fatal collision

One Maskwacis man arrested after gun seized on reserve

Maskwacis RCMP locate loaded handgun during search warrant

Military officer accused of sexual misconduct, drunkenness in B.C., Alberta

Warrant Officer Jarvis Kevin Malone is charged under the National Defence Act

Morneau unveils principles for Indigenous ownership in Trans Mountain pipeline

The controversial pipeline was bought by Ottawa last year

Refugee who sheltered Edward Snowden in Hong Kong arrives in Canada

Vanessa Rodel and her seven-year-old daughter Keana arrived in Toronto this week

New UMSCA trade deal getting a boost from Trump, business groups

The trade deal is designed to supplant the North American Free Trade Agreement

Trudeau says he, Wilson-Raybould had cordial conversation last week

Trudeau denies anything improper occurred regarding SNC-Lavalin and the PMO

Most Read