immigrantscanada.com

Independent topical source of current affairs, opinion and issues, featuring stories making news in Canada from immigrants, newcomers, minorities & ethnic communities' point of view and interests.

Housing Providers: Challenges Canada and Door Attitude

housing providers: This positive momentum places even greater emphasis on an issue that challenges Canada -- we are on the verge of a looming housing affordability crisis that comes with dire socio-economic implications for all Canadians if left unchecked, according to Huffington Post Canada. Over the next three to five years, the bulk of government operating agreements that provide subsidies to co-operatives, non-profit and public housing providers to house more than 540,000 families will come to an end, dramatically affecting many of these families. Just while countries across the Atlantic and south of the border appear to be adopting a more closed door attitude, Canada is forging ahead with inclusive policy and getting recognition for doing what right. According to the Canada Mortgage and Housing Corporation, 12.5 per cent of all Canadian households experience an affordability crisis every day. Access to affordable housing units will dry up, while rent will increase significantly. That will drastically increase as operating agreements conclude. (www.immigrantscanada.com). As reported in the news.