A construction worker works on a house in a new housing development in this file photo. OTTAWA -- The national housing strategy will need new tools to move more quickly from ideas to finished projects during the COVID-19 pandemic, says the head of the federal housing agency.
Some of that is unavoidable, said CMHC president Evan Siddall, as lending federal money through the programs requires diligence. "We in government, what we do is we take these grand problems and we constrain them and in constraining them we actually slow things down, so we've got to find ways to speed them up," Siddall said in a recent interview with The Canadian Press."We don't have enough money as governments to deal with all this," Siddall said."Just be more innovative, more aspirational, more experimental. Look at different ideas," he said.
Among the possibilities is a rapid-housing program that would allow cities and housing providers to purchase distressed assets like hotels and motels where an owner is forced to sell for pandemic-related reasons. CMHC estimates about $1 billion worth of mortgage payments were deferred each month during the pandemic, and fewer people will get ahead on their payments this year than in 2019.
The banks need to raise interest rates!
Build to net zero heating standard so that they don't all have to be renovated next year!!!!
This is the same person that was caught blatantly lying about an equity tax being studied for the Trudeau “Liberals”
Jobs.
This is the same person that was caught blatantly lying about an equity tax being studied for the Trudeau “Liberals”
People in need of social housing can provide their labour too and family and friends to contribute freely. After all you need to feel you worked hard for your “home” .
OhSheri1 And investment for net-zero, passive light, passive, and passive plus housing construction. If 25% of our population lived in housing that was retrofitted or constructed in this way we would be 40% of the way toward our Paris targets. An investment here would create jobs big time
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CTVNews - 🏆 1. / 99 Read more »
Source: globeandmail - 🏆 5. / 92 Read more »
Source: globeandmail - 🏆 5. / 92 Read more »
Source: CTVNews - 🏆 1. / 99 Read more »
Source: CTVNews - 🏆 1. / 99 Read more »
Source: GlobalNational - 🏆 81. / 51 Read more »