Close X
Wednesday, November 13, 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

Smoke aids B.C. fire fight, as BC Wildfire Service warns about Hurricane Hilary

Smoke aids B.C. fire fight, as BC Wildfire Service warns about Hurricane Hilary
The BC Wildfire Service says weather across British Columbia will be impacted by a hurricane in Southern California, challenging firefighters already battling hundreds of fires that forced 30,000 people from their homes and caused a provincial state of emergency.

Smoke aids B.C. fire fight, as BC Wildfire Service warns about Hurricane Hilary

Air quality advisory issued for Metro Vancouver

Air quality advisory issued for Metro Vancouver
An air quality advisory for Metro Vancouver remains in place due to wildfire smoke. The Metro Vancouver Regional District says people should postpone or reduce outdoor physical activity particularly if they have underlying conditions related to breathing.

Air quality advisory issued for Metro Vancouver

Man dies in Hope shooting

Man dies in Hope shooting
The province's homicide investigation team has been called in after a man was fatally shot in Hope. R-C-M-P say they were called just before 3 a.m. on Sunday and found a 28-year-old man who had been shot and killed.

Man dies in Hope shooting

Ottawa 'shouldn't walk around with a stick' to enforce health deals: Holland

Ottawa 'shouldn't walk around with a stick' to enforce health deals: Holland
Newly appointed Health Minister Mark Holland says he doesn't want to go waving a stick around as he negotiates the final details of a health accord with provinces and territories, and it'll largely be up to Canadians to hold them accountable. All provinces except Quebec accepted the $198-billion deal in principle earlier this year and are expected to sign final agreements before the end of 2023.

Ottawa 'shouldn't walk around with a stick' to enforce health deals: Holland

PharmaCare covers medicine to treat rare diseases

PharmaCare covers medicine to treat rare diseases
The province says its PharmaCare program now covers medications used to treat rare diseases such as A-L-S. The Ministry of Health says the oral form of edaravone, which is used to treat A-L-S patients, will be added to the PharmaCare formulary as a limited-coverage benefit.

PharmaCare covers medicine to treat rare diseases

Shortage of diabetes and weight loss drug Ozempic expected in Canada: manufacturer

Shortage of diabetes and weight loss drug Ozempic expected in Canada: manufacturer
A shortage of diabetes drug Ozempic that is used off-label for weight loss is expected in Canada, the manufacturer says. Health Canada says intermittent shortages are expected from late August to early October.  

Shortage of diabetes and weight loss drug Ozempic expected in Canada: manufacturer