Close X
Monday, November 25, 2024
ADVT 
National

Municipalities say $600 billion in infrastructure needed to build 5.8 million homes

Darpan News Desk The Canadian Press, 23 Nov, 2023 01:24 PM
  • Municipalities say $600 billion in infrastructure needed to build 5.8 million homes

The Federation of Canadian Municipalities says new research it commissioned finds municipalities would need $600 billion in infrastructure funding to help build 5.8 million homes by 2030.

That's the number of homes the Canadian Mortgage and Housing Corp. says Canada needs to build to restore affordability.

Canadian municipalities are voicing their disappointment that the federal Liberals didn't include a new infrastructure funding model in its fall economic statement this week, despite the prime minister promising one would come in the fall. 

The federation held a news conference in Ottawa today to call on the federal government to convene provincial, territorial and municipal leaders to discuss a new funding framework that takes economic and population growth into better account. 

The fiscal update that Finance Minister Chrystia Freeland presented earlier this week included few new housing policies, as the Liberal government acknowledges the pressure that high inflation and interest rates are putting on federal finances. 

Mike Savage, the mayor of Halifax and chair of the Big City Mayors' Caucus, says municipalities are facing even more fiscal pressure than other levels of government.

 

MORE National ARTICLES

Busy long weekend ahead: BC Ferries

Busy long weekend ahead: BC Ferries
B-C Ferries wants customers to prepare for a busy Labour Day weekend. The company says advanced bookings for the holiday weekend show high passenger and vehicle volumes heading from the mainland to Vancouver Island and the Gulf Islands today through Saturday, with high eastbound traffic expected from Sunday to Monday.

Busy long weekend ahead: BC Ferries

Ongoing cost-of-living crisis should trigger another housing benefit payment: Singh

Ongoing cost-of-living crisis should trigger another housing benefit payment: Singh
The federal government needs to issue another $500 benefit payment for low-income families struggling to keep a roof over their heads, NDP Leader Jagmeet Singh said Thursday. Singh was in Sooke, B.C., on a cross-country summer tour where the national housing crisis and ongoing anxiety about the cost of living is taking centre stage.   

Ongoing cost-of-living crisis should trigger another housing benefit payment: Singh

'Persistent' bears force 160 firefighters to pull out of B.C. Interior camp

'Persistent' bears force 160 firefighters to pull out of B.C. Interior camp
The wildfire service says the bears threatened the safety of staff "within and around" the camp near Gold Bridge, about 100 kilometres west of Lillooet, prompting the decision to quit the camp Wednesday evening.  

'Persistent' bears force 160 firefighters to pull out of B.C. Interior camp

Hiker falls to death

Hiker falls to death
A man has died while hiking in B-C's southern Interior. RCMP say they received a report of a missing person on Monday after a man went paddling the night before on Vaseux Lake, north of Oliver.  

Hiker falls to death

Break-ins at businesses: Surrey RCMP

Break-ins at businesses: Surrey RCMP
R-C-M-P say they're investigating a series of break-ins at businesses in Surrey, including an incident this morning. The Mounties say eight break-ins and attempted break-ins have occurred this month and police believe all of them are related.  

Break-ins at businesses: Surrey RCMP

Homicide in Prince George

Homicide in Prince George
A 23-year-old man has been charged in the death of a Prince George woman. R-C-M-P say the B-C Prosecution Service has approved a charge offirst-degree murder in the death of the 22-year-old woman on July 18th.

Homicide in Prince George