"Canada is losing affordable homes faster than we can build them." - this is a direct quote from the Federal government in their 2024 housing plan. And the data supports this.
Between 2011 and 2016, Canada lost 322,600 low-rent units. Thatâs 15 affordable homes lost for every one built. Without strong tenant protections tied to federal funding, even new âaffordableâ homes risk becoming tomorrowâs luxury rentals.
Yet when the federal government launched Build Canada Homes (BCH) this monthâ their new agency tasked with building affordable housing on federal lands, ACORN was surprised to see no additional allocation to the Rental Protection Fund. If no additional funding is allocated toward the preservation of affordable housing, this building strategy could be just another developer payday. We need to build AND protect!
The Fall Budget must do more than pour concrete. It must make housing truly affordable, safe, and secure for low- and moderate-income people. |