The Liberal housing strategy is delivering far less social and affordable housing than it used to and it's Canadians and their faimilies who are suffering for the government's failure. A recent report by the National Housing Council said that the Liberal’s largest housing programs ‘could meet only a fraction of existing need’ and the Parliamentary Budget Officer also said that the affordability gap and housing need will only continue to grow under the Liberal plan. Despite these troubling concerns, the government still refuses to recognize the lack of affordable housing as a crisis.
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.