“The housing supports announced today were secured by New Democrats for everyday people as part of the supply and confidence agreement. While this is good news for Canadians, we know that more needs to be done to help families afford to keep a roof over their heads. Since 1993, the housing crisis has been ignored by Liberal and Conservative governments who abandoned federal affordable housing programs people relied on. It’s wrong that families who need help now have been ignored by decades of Liberal and Conservative governments,” Kwan said.
“New Democrats will continue using our power to push the Liberals to make life more affordable for everyday people. This means pushing to reverse Liberal and Conservative cuts by restoring the Canada Mortgage and Housing Corporation’s role in building social and co-op housing. We will continue to fight for meaningful investments that address the urgent homelessness crisis in communities struggling with encampments. It also means pushing the Liberals to ensure immediate relief to renters who need it and crack down on investors treating housing like a stock market instead of a human right,” she added.
City TV: Concerns raised about rising cost of rentals for low-income earners: Vancouver MP
A Vancouver NDP MP is sounding the alarm when it comes to rent-geared-to-income housing units, saying incoming changes by the federal government will lead to a severe shortage within the affordable housing market in this country.
Vancouver East MP Jenny Kwan says she’s learned that as of March 31, 2028, Ottawa will be cutting subsidy funding to non-profits that operate buildings that include units for those on a fixed income. Once those suites are vacated, she says the price of those units will be bumped to market rates.
For example, a rental suite that’s going for $650 right now could be increased to $1,800 or more.
Kwan adds these changes are happening right now at some buildings in Metro Vancouver as non-profits try to bank money to prepare for their funding to be slashed in the future.
