Government of Canada Announces First Ever National Housing Strategy

Date
4 December 2017
Source
CMHC

The federal government has unveiled their National Housing Strategy. This document will set forth the next generation of social housing policy for Canada and builds on the investments that were contained in the 2017 federal budget. Specifically, the strategy announced detailed plans to protect long term affordability for 385,000 low-income residents of community housing, including co-operatives. 

Learn more about Canada’s 10-year, $40-billion housing plan here.

Tip of the Month

Capital Reserve Balance

61% of Agency clients hold a capital reserve balance of at least $6,000 per unit. By almost doubling the amount from 2007, co-ops are nearly twice as ready to meet their future needs.