Opinion: Still, says former mayor and premier, Mike Harcourt, Ottawa needs to be doing much more in housing crisis
But the Vancouver East NDP MP says British Columbians, who struggle with some of the costliest housing on the continent and high homelessness rates, still do not receive their legitimate share of social-housing funds. The vast majority continues to go to vote-rich Ontario.
“Since exposing that B.C. only got 0.5 per cent of the funding, I’m glad to report that more funds have begun to flow to B.C.”Article content That amounted to $135 million in grants and loans to B.C. from the National Housing Strategy’s Co-Investment Fund, an arm of the Canada Mortgage and Housing Corporation.
When Kwan took into account additional Co-Investment Fund funding from Ottawa that has been “committed,” meaning promised based on certain conditions that had to be fulfilled, she said the proportion potentially heading to B.C. last year jumped to 8.6 per cent of the total or $266 million. Ontario, with three times the population, was apportioned $2.4 billion.Article content
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