The Carney government, through the CMHC, has quietly redefined "affordable housing" to no longer mean 30% of income, but "perhaps 40-45% ... [and] over 50% of income by 2035"
Redefining Affordability: Why CMHC’s Benchmark Shift Matters
In a move that received little public fanfare but will have implications for housing policy across Canada, the Canada Mortgage and Housing Corporation (CMHC) has officially abandoned its 2004 benchmark for housing affordability.The Real Estate Institute of Canada
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cecilkorik
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snoons
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Archangel1313
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teppa
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Nik282000
in reply to teppa • • •Auli
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in reply to Auli • • •teppa
in reply to Nik282000 • • •NoneOfUrBusiness
in reply to patatas • • •patatas
in reply to patatas • • •Finally tracked down the original report, which can be downloaded from this page:
cmhc-schl.gc.ca/professionals/…
Canada’s Housing Supply Shortages: Moving to a New Framework
www.cmhc-schl.gc.casbv
in reply to patatas • • •We're fucked. 🤣
streetfestival
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teppa
in reply to streetfestival • • •What you dont understand about the plan to financially repress the youth by ballooning home values via mass immigration is that Brookfield has a large residential real estate portfolio, which will fall in value if home prices fall.
I hope this helps.
patatas
in reply to streetfestival • • •Honestly I only went and looked for the report because of a post on Bluesky by Peter Julian.
That said, this post seems to have already gotten more reach than a ~~sitting~~ former MP's did on that platform, so you're right about the fediverse!
Regardless, I agree it should be much bigger news.
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garbagebagel
in reply to patatas • • •Sunshine (she/her)
in reply to patatas • • •leastaction
in reply to patatas • • •CMHC’s board of directors and committees
www.cmhc-schl.gc.cam0darn
in reply to leastaction • • •Canadians should mail letters, ring them up, fax them if they can, to let them know that any reasonable person would consider this goal post shifting a complete abdication of their responsibilities.
National Office
Canada Mortgage and Housing Corporation
700 Montreal Road
Ottawa, Ontario
K1A 0P7
Reception/Main number: 613-748-2000
Fax: 613-748-2098
HellsBelle
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