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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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Try refreshing your browser, or Elise Stolte: Housing for all efforts âgoing backward very, very quickly in face of mounting private pressure Back to video
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.
Elise Stolte: Housing for all efforts going backward very, very quickly in face of mounting private pressure calgaryherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from calgaryherald.com Daily Mail and Mail on Sunday newspapers.
HPC Housing Investment Corporation Completes Inaugural Social Bond Financing for New Construction Lending Program
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TORONTO, March 17, 2021 /CNW/ - HPC Housing Investment Corporation (HIC) is pleased to announce that it closed a C$40 million social bond offering as part of its new Construction Lending Program, that will provide long-term financing for an affordable housing project in Edmonton, Alberta.
First to benefit from this new lending program is Capital Region Housing s Londonderry mixed use redevelopment project. Located in central Edmonton, the redevelopment will replace the existing 80 units with 240 new 2- to 3-bedroom apartments and 1-, 3-, 4- and 5-bedroom townhomes. The project features: