"Former deputy prime minister Sheila Copps said in an interview with BNN Bloomberg that when Canada Mortgage and Housing Corporation (CMHC) was involved in building housing, there was a significant amount of national investment in housing as well as housing policy and strategy."
"“The decision that was made back in 1987 to get out of housing at the federal level has resulted in 30 years of underbuilt housing, and also 30 years of not really analyzing good public policy on housing,” Copps said. “I think that's a big issue.”
"“When the provincial governments took over the money (intended for housing), a lot of them didn't actually spend it on housing,” she said.
From that period on, she said the federal government was not involved in housing until 2017 when the Liberal government led by Prime Minister Justin Trudeau decided to “insert itself back into the housing game.” Copps said this move marked the beginning of a collaboration that will take time to address the issues of shortage and affordability currently plaguing Canadian cities.
“Now five years later, we're looking at a problem that has been percolating since we signed off on housing back in 1987,” Copps said."
"“The decision that was made back in 1987 to get out of housing at the federal level has resulted in 30 years of underbuilt housing, and also 30 years of not really analyzing good public policy on housing,” Copps said. “I think that's a big issue.”
"“When the provincial governments took over the money (intended for housing), a lot of them didn't actually spend it on housing,” she said.
From that period on, she said the federal government was not involved in housing until 2017 when the Liberal government led by Prime Minister Justin Trudeau decided to “insert itself back into the housing game.” Copps said this move marked the beginning of a collaboration that will take time to address the issues of shortage and affordability currently plaguing Canadian cities.
“Now five years later, we're looking at a problem that has been percolating since we signed off on housing back in 1987,” Copps said."
SOURCE:
https://www.google.com/amp/s/beta.ctvnews.ca/national/business/2023/9/2/1_6544653.amp.html
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