Posts Tagged ‘federalism’
The Globe and Mail carries Jordan Press’s Canadian Press article looking at a new initiative by Canadian mayors to get federal funding for affordable housing.
The mayors of Canada’s largest cities are making a billion-dollar push for federal housing money just as the Liberals are set to finalize a national strategy, and the minister responsible is trying to manage expectations.
The mayors want the federal Liberals to set aside $12.6 billion during the next decade to help build new affordable housing units and alleviate a growing need in places like Toronto and Vancouver.
The lion’s share, about $7.7 billion, would go to repairing and maintaining existing units nationwide. A further $4.2 billion would go to building up to 10,000 new affordable housing units annually across the country. There is also approximately $700 million for a portable rental subsidy that wouldn’t be tied to a unit, but to a recipient.
It’s a major ask of the federal government as it works to finalize the second phase of its infrastructure program and allocate $17.7 billion for affordable housing, seniors homes, recreational facilities and child care — with each of those sectors competing for the cash.
“The highest need for most of us would be housing, and it’s not to say there aren’t pressing needs for seniors’ infrastructure, for culture and recreation infrastructure, and for child care space infrastructure, but without adequate, safe and decent dignified housing for families, those other services are less relevant,” said Edmonton Mayor Don Iveson, chairman of the Federation of Canadian Municipalities big city mayors’ caucus.
CBC News’ Eric Rankin reports on a class action lawsuit filed against British Columbia for its tax on foreign home buyers. This sounds like it could have some legs.
A class-action lawsuit has been filed in B.C. Supreme Court on behalf of virtually all non-Canadians who have been forced to pay an extra 15 per cent under amendments to the Property Transfer tax act.
If the lawsuit is certified by the courts and succeeds, the province could be forced to repay hundreds of millions of dollars — much of the expected revenue now earmarked to pay for affordable housing for British Columbians.
[. . .]
The lead plaintiff in the case is Jing Li, 29, a university student from the People’s Republic of China, now living in Burnaby.
In August, Jing told CBC News she was caught in a financial crunch by the imposition of the additional tax.
In mid-July, she cobbled together a 10 per cent deposit on a $560,000 townhouse in Langley by borrowing from her parents and friends in China.
Twelve days later, the new levy was imposed.
The tax added $84,000 to the price of the property. If she backs out of the deal, she will lose her non-refundable deposit of $56,000.