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Canada issues update on national housing investments

Thursday, November 22, 2018

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
British Columbia $664,705,370 96,146
Alberta $477,115,339 48,287
Saskatchewan $366,058,095 35,379
Manitoba $320,541,712 40,532
Ontario $2,088,364,201 310,387
Quebec $996,576,775 362,569
New Brunswick $136,991,313 20,062
Nova Scotia $203,385,785 29,778
Prince Edward Island $27,020,047 7,433
Newfoundland and Labrador $157,932,951 24,441
Northwest Territories $73,853,257 3,212
Yukon $35,752,075 1,549
Nunavut $164,509,432 2,324
National $18,852,123
Total $5,731,658,475 982,099

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