OTTAWA, April 12 (Xinhua) -- The Canadian federal government on Friday announced its vision and plan to solve the national housing crisis. According to a news release issued by the prime minister's office, the plan lays out a bold strategy to unlock 3.87 million new homes by 2031, which includes a minimum of 2 million net new homes, on top of the Canada Mortgage and Housing Corporation's forecast of 1.87 million being built anyway by 2031. Federal actions in this plan, in Budget 2024, and taken in fall 2023 will support at least 1.2 million new homes and the federal government calls on all orders of government to build at least 800,000 more homes by 2031, the release said. At the heart of this plan lies a commitment to make housing affordable. No hard-working Canadian should have to spend more than 30 percent of their income on housing costs. No Canadian should have to live without knowing they have a safe and affordable place to live, the release said. According to the release, one of the biggest pressures on Canadian people right now is housing. Young Canadians are renting more than ever and being priced out of their communities. Families are finding it difficult to get a good place to settle down. The cost to build homes is too high, and the time it takes to finish projects is too long. (Editor:Liao Yifan) |
Pictured: The railway in Britain that's Europe's shortest lineFrom a jaguar pouncing on an alligator to a spectacular 'flying saucer cloud': JawHoliday firm On The Beach takes to social media to fire back at 'abusive, snobby and fatFirst look: MailOnline tries out British Airways' brandIndonesia presidency: Prabowo Subianto on track to winRussian landing ship Caesar Kunikov sunk off Crimea, says UkraineGlitz ahoy! Posh hotels are muscling in on the cruise market with superWhat it's REALLY like to au pair for the uber rich: 24Food fan reviews America's wackiest MCDONALD'SDon't be a tourist bored! Fascinating map reveals ONE THOUSAND amazing things to do, see