To empower municipalities to build more homes, a new Conservative government will introduce the Build More Homes Competition. This competition will reward municipalities that have proven to reduce red tape that stands in the way of new home construction.
This will be achieved with the right mix of effective measures that work in partnership with provinces and municipalities, build capacity for social, community, and affordable housing providers and co-ops, and meet environmental energy efficiency goals. This ambitious plan will create thousands of jobs in communities all across the country, and help Canadians get the affordable housing they need. Our federal investment will begin with $5 billion in additional funding in the first year and a half of a New Democrat government.
In order to kick-start the construction of co-ops, social and non-profit housing, we will set up dedicated fast-start funds to streamline the application process and help communities get the expertise and assistance they need to get projects off the ground today, not years from now.
A New Democrat government will also spur the construction of affordable homes by waiving the federal portion of the GST/HST on the construction of new affordable rental units – a simple change that will help get new units built faster and keep them affordable for the long term.
[...] We've provide immediate relief for families that are struggling to afford rent in otherwise suitable housing, while we bring forward long-term solutions to the housing affordability crisis.
Legislate housing as a legally protected fundamental human right for all Canadians and permanent residents.
Appoint a Minister of Housing to strengthen the National Housing Strategy so that it meets the needs for affordable housing that are unique to each province, and oversee its implementation in collaboration with provincial ministers. This recognizes that housing is provincial jurisdiction. The target would be 25,000 new and 15,000 rehabilitated units annually for the next 10 years.
Increase the National Housing Co-investment Fund by $750 million for new builds, and the Canada Housing Benefit by $750 million for rent assistance for 125,000 households.
Create a Canada Co-op Housing Strategy that would update the mechanisms for financing co-op housing, in partnership with CMHC, co-op societies, credit unions and other lenders.
Include new and existing housing as eligible infrastructure for funding purposes, allowing the Canada Infrastructure Bank to support provincial and municipal housing projects.
Provide financing to non-profit housing organizations and cooperatives to build and restore quality, energy efficient housing for seniors, people with special needs and low-income families.
Restore tax incentives for building purpose-built rental housing and provide tax credits for gifts of lands, or of land and buildings, to community land trusts to provide affordable housing.
Remove the “deemed” GST whenever a developer with empty condo units places them on the market as rentals.
Re-focus the core mandate of Canada Mortgage and Housing Corporate (CMHC) on supporting the development of affordable, non-market and cooperative housing, as opposed to its current priority of supporting Canadian lenders to de-risk investment in housing ownership. With many housing markets demonstrably overvalued, and home ownership rates among the highest in the world, individual home ownership should not be the preoccupation of a public service housing agency and a national housing strategy.
Change the legislation that prevents Indigenous organizations from accessing financing through CMHC to invest in self-determined housing needs.