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House Hansard - 78

44th Parl. 1st Sess.
May 31, 2022 10:00AM
  • May/31/22 3:15:18 p.m.
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Mr. Speaker, I want to thank the hon. member for Vaughan—Woodbridge for his excellent question and work on this really important file. Last week, I was thrilled to announce $121 million to build over 430 shelters and transitional homes in over 15 municipalities across Canada. This work is being done together with 14 provincial and territorial shelter associations. These extra shelter beds and transitional homes will ensure that women and children fleeing gender-based violence will have a safe roof over their heads. This is the national housing strategy at work.
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  • May/31/22 7:21:40 p.m.
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Madam Speaker, I want to thank my colleague from Vancouver East for her advocacy on affordable housing. This is an issue of great concern for our government, so I am glad to have the opportunity to explain how we are addressing it through our 10-year and over $72-billion national housing strategy. This plan is creating housing to suit every need in Canada, from shelter and transitional housing to community housing to market rentals, and is helping to keep the dream of home ownership within reach of young families. Most of this strategy's program focuses on our most vulnerable populations. This includes the rapid housing initiative, which is already creating over 10,000 deeply affordable units for the most vulnerable. This includes 88 new units opened in the member's city of Vancouver in March, thanks to a $30-million federal investment. We are not stopping there. Through budget 2022, we are extending the RHI to create an additional 6,000 units. At the same time, we also need to address the issue of housing affordability for middle-income Canadians. In many of our cities, the people who work hard to keep communities running can no longer afford to live in them. Many teachers, nurses, store clerks and construction workers find it impossible to live, work and make ends meet in their urban centres. Even smaller cities and towns outside major urban hubs are seeing costs rise as more and more families leave the big cities. This is unacceptable. It threatens the well-being of middle-class citizens and their families. The rental construction financing initiative that my colleague mentioned helps those who do not qualify for assisted housing but still cannot afford the escalating prices of market rent. It encourages a stable supply of rental housing for middle-class families in expensive housing markets. This includes many of the people who are essential workers and who have played an invaluable role in our communities, especially throughout the COVID-19 pandemic. The program provides low-cost construction loans for 10-year terms. This gives developers stable, predictable funding in the early stages of development. In my colleague's riding of Vancouver East, it has created more than 400 units of rental housing, all near public transit, workplaces and community services. However, we recognize there is more to do to improve affordability. That is why, through budget 2022, we announced that the RCFI will target a goal of having at least 40% of the units it supports provide rent equal to or lower than 80% of the average market rent in local communities going forward. We will not rest until we ensure that every Canadian has a safe and affordable place to call home.
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