The announcement of Canada's first National Housing Strategy was announced by Justin Trudeau on November 22, 2017, which promises $40 billion of investment in affordable homes.
Prime Minister Trudeau said, “We need to change our approach to housing and stop thinking about housing as a problem. Housing is actually a solution. It’s the best tool we have for some really significant challenges, whether that’s for health, crime, climate change, unemployment, or reconciliation... Affordable housing has made all the difference for folks from all walks of life. But in recent decades, our housing stock has aged and the federal government’s role has diminished.”
This strategy is making housing a priority and the $40 Billion investment, spread over a 10-year period, will be funded jointly by the federal, provincial and territorial governments. It addresses a large range of challenges and covers the entire housing continuum.
With this joint investment, there are targets that this strategy hopes to attain which include 100,000 new housing units created, 300,000 existing units repaired and renewed, 300,000 households supported through the Canada Housing Benefit amongst others seen below.
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