Housing experts, advocates, industry have unified message for government: Get more rentals built

A coalition of housing experts, advocates and industry representatives is calling on the government to overhaul its policies to get more rental units built.

This is froma new report titled A Multi-Sector Approach to Ending Canada's Rental Housing Crisis, co-authored by Mike Moffatt, founding director of the PLACE Centre at the Smart Prosperity Institute, Tim Richter, president & CEO of the Canadian Alliance to End Homelessness, and Michael Brooks, head of REALPAC, a group that represents 130 real estate firms.

"A lot of the conversation is 'Whoseresponsibility is it to solve this?' And the answer should be 'It's everyone's,'" Moffatt told CBC News.

The report, being released Tuesday, makes a number of recommendations to address a dearth in rental units in Canada's largest cities.

According to the Canada Mortgage and Housing Corp. (CMHC), Canada needs to build 5.8 million new homes including twomillion rental units by 2030 in order to tackle housing affordability.

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PNPRENTINGPANEL

1 year ago

Duration 11:00

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The report notes that Canada's renting population and the price of rentals have continued to increase in recent years.

One of the report's key recommendations calls on the federal government to take on a leadership role and co-ordinate with provinces, territories and municipalities to ensure that more rental units are built.

"This is too big for any one government or sector to handle alone and so we're hoping the federal government will jump into a leadership role and meet us in the square to have this conversation," Richter said.

Specifically, the report calls on Ottawa to create a national workforce strategy in co-operation with other levels of government, trade unions and education institutions to ensure Canada has enough skilled labour to build the number of units needed to meet the needs of renters.

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It also calls for financial reforms to ensure rental units are viable for builders and developers. Brooks said that costs to the industry have increased to the point where the number of construction projects for rental units is likely to drop significantly in the coming years.

"We've got a problem that's likely to get worse before it gets better without changing some of the elements," he said.

Some of the financial solutions the report puts forward include creatinga tax credit for developers that invest in community rental units and deferring the capital gains tax when a rental housing project is sold and the proceeds are reinvested into the construction of further rental units.

The report also calls for the government to offer fixed-rate financing through CMHC or the Canada Infrastructure Bank on rental builds.

To better help low-income renters, the report suggests a targeted housing tax benefit for families spending more than 30 per cent of their income on rent.

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Housing affordability getting worse for low-income earners, study suggests

1 year ago

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The rising cost of living has made it nearly impossible to find affordable rental units while making minimum wage. That trend extends across the country, according to a study by the Canadian Centre for Policy Alternatives.

The report also contains recommendations that federal opposition parties would support.

Conservative Leader Pierre Poilievre has suggested in the past that the federal government should tie infrastructure funding to municipalities to local housing permit approvals. Similarly, the report suggests the federal government tie funding to municipal housing targets.

The report also suggests that the government waive the GST on rental housing construction, something that NDP Leader Jagmeet Singh has been calling for.

The authors said they hope their report sends a signal to all governments of varying political stripes to work together to solve the housing crisis.

"This is about communication and collaboration," Brooks said. "Get together in a room and talk to each other and make that conversation be based on evidence."

"I think we were all pleasantly surprised just how much common ground there was," Richter said of working on the report with his two co-authors.

"There's plenty of stuff that I'm sure that we don't agree on, but there was more that we do agree on than we didn't and I think you see that in the report," he said.

During a news conference Monday night, Housing Minister Sean Frasersaidhis government is looking at ways to speed up construction of housing through subsidies and other incentives.

"Right now we want to bring down the cost of living. That includes bringing down the cost of rent for people by building more purpose-built rental construction right across the country," he said. "If you are a person who is willing to work in this country, it's unacceptable that you can't afford a place to live in the community you call home."

He also told reporters in Vancouverthatpast federal governments were preoccupied with providing subsidized housing to low-income people, but there's been a fundamental shift as working professionals also struggle to afford a home.

"For the better part of the last half century, federal governments of different partisan stripes, by the way, Liberal and Conservatives, have stepped away from forwarding affordable housing in this country," he said.

"That should never have happened, but it did."

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Two Alberta mayors and the province's housing minister are calling for their 'fair share' of federal funds for affordable housing. It comes as the prime minister trades barbs with Conservatives over who should have done more to fix Canada's housing policy.