CMHC sets target to make housing affordable for every Canadian by 2030

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CMHC sets target to make housing affordable for every Canadian by 2030
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A federal housing agency hopes to see every Canadian with an affordable home by 2030 and has offered up a plan full of experiments to make it happen.

The Canada Mortgage and Housing Corp. said Friday that meeting that target will take help from governments and the economy -- hence the aspirational nature of the goal.

The plan says hitting the mark will also require removing barriers to housing based on gender, race, sexual orientation and gender identity. "One of the weaknesses, I think, in the thinking here is trying to do too many things for too many people with too little resources," said Tim Richter, president of the Canadian Alliance to End Homelessness.

And it is also promising to hand out at least $100 million over three years to try new affordable-housing models through three large-scale experiments -- either regional or national -- and track how well other ideas are performing.

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