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Thereâs an awkward problem in Canadaâs affordable housing strategy.
Even as it builds more units, the number of homes available at a price the working poor can afford keeps shrinking.
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In fact, say researchers, if trends in the market continue as expected, Canada is losing four units in the private market for every one publicly subsidized unit the federal government helps build. They fear the pandemic is only making that worse, that instability in the market has sped up consolidation, increasing the reach of the large investment trusts behind this trend.
Published: Monday, May 17, 2021
Oval Office meeting. Photo credit: Pool/Getty Images
President Biden and Vice President Kamala Harris met with Republican senators last week. Pool/Getty Images
The effort to strike a bipartisan deal on infrastructure will continue this week, as Republicans are readying a counteroffer, two congressional committees will hash out how to pay for it all and lawmakers are jockeying to get their wish lists inserted into a final package.
Following last week s White House summit between President Biden and top GOP senators, Republicans say they could have an infrastructure counteroffer soon.
Sen. Shelley Moore Capito (R-W.Va.), who is leading talks for Republicans, described the meeting as very positive.
<p><span>Good morning, and thank you, Raphael. I am delighted to participate in the 25th Financial Markets Conference, sponsored by the Federal Reserve Bank of Atlanta, which this year focuses on the role of central banks in fostering a resilient economy and financial system.</span></p>
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