Close X
Tuesday, November 26, 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

Air quality advisory lifted for most of Metro Vancouver

Air quality advisory lifted for most of Metro Vancouver
An air quality advisory covering most of the Vancouver area has been lifted. The Metro Vancouver Regional District says a change in weather has reduced the amount of fine particulate matter in the air coming from wildfire smoke in the B-C Interior.

Air quality advisory lifted for most of Metro Vancouver

Structural losses from wildfires in West Kelowna area estimated at fewer than 90

Structural losses from wildfires in West Kelowna area estimated at fewer than 90
Premier David Eby was scheduled to visit the fire-ravaged southern Interior on Tuesday, along with Emergency Management Minister Bowinn Ma and Forests Minister Bruce Ralston, to get a first-hand look at the devastation caused by the raging wildfires. 

Structural losses from wildfires in West Kelowna area estimated at fewer than 90

Firearms charges against US man

Firearms charges against US man
The Canada Border Services Agency says charges have been laid against an American man after he attempted to bring guns into the country. It says in a statement today that the man was stopped on May 6 by C-B-S-A officers at the Abbotsford border crossing as he attempted to pass through B-C on his way to Alaska.

Firearms charges against US man

Too early to provide estimates of insured damages from BC wildfires : Insurance Bureau of Canada

Too early to provide estimates of insured damages from BC wildfires : Insurance Bureau of Canada
The Insurance Bureau of Canada says it's too early to provide estimates of insured damages from British Columbia fires that are still burning. However, experts do recommend getting your insurance claim started as soon as possible.

Too early to provide estimates of insured damages from BC wildfires : Insurance Bureau of Canada

Federal cabinet retreat to hear from housing experts today

Federal cabinet retreat to hear from housing experts today
Two housing experts who helped co-author a recent report on the federal government's role in solving the housing crisis are set to present their findings to the cabinet later today. The report delivered a week ago warns that "Canada's housing crisis is worsening dramatically" in large part because of an "extreme" lack of accessible and affordable rentals.

Federal cabinet retreat to hear from housing experts today

Eby to visit wildfire ravaged areas of BC

Eby to visit wildfire ravaged areas of BC
BC Premier David Eby wants to visit the province's fire-ravaged southern Interior today to reassure residents that the government will be there to help rebuild when the wildfire crisis has passed. Several large blazes are burning in the region, including the 110-square-kilometre McDougall Creek wildfire.

Eby to visit wildfire ravaged areas of BC