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patatas@sh.itjust.works to Canada@lemmy.ca · 1 day 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.ca · 1 day 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
  • Auli@lemmy.ca
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    22 hours ago

    What makes you think any of them where the right choice. Whole system has been be burned to the ground.

    • Nik282000@lemmy.ca
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      22 hours ago

      100% agree.

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