Reducing homelessness will cost Ottawa billions more to hit targets: PBO

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Homelessness News

Housing Crisis,Parliamentry Budget Officer,Sean Fraser

In order to reach Ottawa's homelessness reduction goals, the Parliamentary Budget Officer suggests the federal government would need to spend $3.5 billion more annually.

Encampments and other issues related to homelessness continue to grow in and around Montreal, as does the debate on how to best serve that population. Despite the frustrations, some see reason for optimism. Global’s Phil Carpenter reports. – May 1, 2024in Canada by 50 per cent in the 2027/28 fiscal year, the Parliamentary Budget Officer estimates it would cost the federal government an additional $3.5 billion annually.

Still, the PBO analysis says the “best available evidence” suggests that homelessness has increased despite Reaching Home. Prior to question period, NDP Leader Jagmeet Singh said more action is needed and not just announcing programs to get more people into stable housing.

Housing Crisis Parliamentry Budget Officer Sean Fraser Canada Politics

 

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