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patatas@sh.itjust.works to Canada@lemmy.ml · 4 days ago

The Carney government, through the CMHC, has quietly redefined "affordable housing" to no longer mean 30% of income, but "perhaps 40-45% ... [and] over 50% of income by 2035"

www.reic.ca

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The Carney government, through the CMHC, has quietly redefined "affordable housing" to no longer mean 30% of income, but "perhaps 40-45% ... [and] over 50% of income by 2035"

www.reic.ca

patatas@sh.itjust.works to Canada@lemmy.ml · 4 days ago
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Redefining Affordability: Why CMHC’s Benchmark Shift Matters
www.reic.ca
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In a move that received little public fanfare but will have implications for housing policy across Canada, the Canada Mortgage and Housing Corporation (CMHC) has officially abandoned its 2004 benchmark for housing affordability. In its place? The "more re

cross-posted from: https://sh.itjust.works/post/42034728

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  • patatas@sh.itjust.worksOP
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    4 days ago

    I was eventually able to find the original report. PDF can be downloaded from this page:

    https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/housing-research/research-reports/accelerate-supply/canadas-housing-supply-shortages-a-new-framework

  • njm1314@lemmy.world
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    4 days ago

    Liberals gonna liberal.

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