Critics said the plan did little to free up more land to stem a growing affordability crisis after a long housing boom priced many poorer Canadians out of buying and rental markets. This Strategy sets a long-term vision for housing in Canada with unprecedented investments and new programs that will deliver real results for Canadians working hard to improve their quality of life, according to the federal government.
Outside of Vancouver, the cities with the highest rates of core housing need were in Ontario.
He says Canada is the only G7 country without a national housing strategy, and with rising challenges for youth and families a housing strategy will address issues around healthcare, education and getting people back to work.
A new financing program will be established to allow housing providers to help them fix aging units, and to use their assets to leverage additional cash in order to build new apartments and homes.
The Liberals laid the financial backbone for the plan in this year's federal budget, promising $11.2 billion over a decade in new spending.
As part of the $40 billion investment, the federal government will work with provinces and territories to develop a $4 billion Canada Housing Benefit, to be launched in 2020, which will address local housing needs.
Cutting chronic homelessness by 50 per cent.
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This was repeated by another viewer who said: "ITV really scraping the barrel with the two new non-celebrities". I understand that anger". "I've been asked before but the timing has never been right", he explains.
Jenny Gerbasi, president of the Federation of Canadian Municipalities, called the strategy a major first step, although she called on the government to explain how local input and ideas would be taken into account.
"There are no silver bullets here and there's not enough money involved to completely solve the whole housing crisis, but there should be enough money to make a significant difference", said Tim Richter, CEO of the Canadian Alliance to End Homelessness.
Recently released census data found that 1.7 million households were in "core housing need" in 2016, meaning they spent more than one-third of their before-tax income on housing that may be substandard or doesn't meet their needs.
As the crowd listened to speakers and politicians, the federal government was officially announcing the details of its 10-year, $40-billion plan at a news conference in Toronto. Sources say it will also maintain so-called "place-based" rent subsidies to keep thousands of units from losing funding in the coming years - a key demand from cities who also expect more cash to help pay for badly needed repairs to existing affordable housing stock.
Still, most of the money won't be spent until after the next election in 2019, which concerns anti-poverty groups.
Trudeau says the government is still finalizing a separate plan to help those in Indigenous communities.