Details on Canada's new housing agency add clarity, expose 'troubling limitations': Expert [Yahoo! Finance Canada]
Cabot Corporation (CBT)
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Source: Yahoo! Finance Canada
3 min read Newly released details about the federal government's Build Canada Homes (BCH) agency reveal “troubling limitations,” with key housing shortages and regulatory barriers remaining unaddressed, according to a housing policy think tank. A document outlining the government's priorities and criteria for the program to address Canada's housing crisis does offer “one of the clearest income-based affordability definitions in federal housing policy,” wrote Mike Moffat, founding director of the University of Ottawa's Missing Middle Initiative (MMI). But in other areas, the program falls short, and “still lacks clear federal objectives,” Moffat says, increasing the chances that the funds will be spent without adequate focus. BCH was announced in September as a key pillar of the government's project to address Canada's housing crisis. Housing affordability has been a major concern for many Canadians in recent years, with experts noting that the rate of new construction has not
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