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Early public housing policy in Canada consisted of public-private lending schemes which focused on expanding home ownership among the middle class. [1] The first major housing initiative in Canada was the Dominion Housing Act of 1935, which increased the amount of credit available for mortgage loans.
The 1964 amendments made provinces, municipalities or their agencies the sole owners of public housing, as previously public housing was jointly owned with CMHC. [12] The 1973 amendments provided financial assistance for new home buying, loans for co-operative housing, and low interest loans for municipal and private non-profit housing. [6]
From 2003 to 2018, Canada saw an increase in home and property prices of up to 337% in some cities. [2] In 2016, the OECD warned that Canada's financial stability was at risk due to elevated housing prices, investment and household debt. [3] By 2018, home-owning costs were above 1990 levels when Canada saw its last housing bubble burst. [4]
The Office of Infrastructure of Canada (Infrastructure Canada) was created as a federal department in 2002 via an Order in Council issued pursuant to the Financial Administration Act. [2] The department was mandated to enter into funding agreements with Canada's provinces, territories and municipalities for the purpose of supporting strategic ...
OTTAWA (Reuters) -Canada plans to ease a housing shortage by leasing public land to developers for construction of affordable houses under a plan unveiled by Prime Minister Justin Trudeau on ...
Following the decentralisation of public housing to local municipalities, Social Housing Services Corporation (SHSC) was created in the Province of Ontario in 2002 to provide group services for social housing providers (public housing, non-profit housing and co-operative housing). It is a non-profit corporation which provides Ontario housing ...
Graffiti of homeless in Quebec City. Homelessness in Canada was not a social problem until the 1980s. [1] The Canadian government housing policies and programs in place throughout the 1970s were based on a concept of shelter as a basic need or requirement for survival and of the obligation of government and society to provide adequate housing for everyone.
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