Vancouver moves to endorse housing plan amid rental dispute 0
(24 HOURS FILE PHOTO)
Vancouver city council will look to endorse a housing campaign Tuesday pushing Ottawa to develop a long-term housing strategy.
In October, the Federation of Canadian Municipalities launched the campaign Fixing Canada’s Housing Crunch, asking political leaders and businesses to address housing issues.
On the list are the high cost of housing and improving the predictability of future investments, among others.
“The high cost of housing is the most urgent financial issue facing Canadians,” says the motion before the city, “with one in four people paying more than they can afford for housing.”
The motion says people who can’t afford to buy a home are forced to rely on a short supply of rental units.
The FCM report said a growing number of Canadians are being “priced out of the housing market.”
It notes the Canada Housing and Mortgage Corporation forecasts that by 2014 nationwide the cost of a single-detached home will have risen 25% since 2010.
Council’s vote to endorse the plan comes the same day as another plan by a West End community group has threatened to sue the city over proposed changes to rental housing schemes.
West End Neighbours alleges the changes will make rental housing increasingly unaffordable.