The government of Canada has issued a detailed breakdown of its national housing investments, reporting that more than $5.7 billion has been spent on the creation and repair of affordable housing across Canada since 2016.
As a result of these investments, 14,703 new units have been or are being built, 156,526 units have been or are being repaired, and 776,233 families or individuals benefited from a more affordable place to live. These investments have also provided more stable housing to 25,769 Canadians who were homeless or at serious risk of homelessness.
“We are working to make sure every Canadian has access to a safe and affordable place to call home,” said Hon. Jean-Yves Duclos, Minister of Families, Children and Social Development.” We are committed to making housing more affordable, and thanks to the investments made by the Government of Canada, almost 1 million families across Canada have an affordable home. Canada’s first ever National Housing Strategy, a $40 billion program, will build on this success in the years to come.”
The National Housing Strategy aims to protect the affordability of 385,000 existing housing units, repair 300,000 affordable homes, build another 100,000, and provide direct support for those in housing need to reduce chronic homelessness by 50% in Canada.
The Government consulted Canadians on a human rights-based approach to housing. Through these consultations, Canadians from diverse backgrounds, housing experts and providers, academics, and people with lived experience from across the country shared their thoughts, ideas and feedback about what housing and human rights mean to them.
CMHC has released the What We Heard report, which is available on placetocallhome.ca.
Investment breakdown by province:
|Province / Territory||Investments||Units / Individuals|
|Prince Edward Island||$27,020,047||7,433|
|Newfoundland and Labrador||$157,932,951||24,441|