Housing Minister Sean Fraser says the federal government should have never got out of the housing business even as high-income professionals are struggling to find affordable housing.
"For the better part of the last half century, federal governments of different partisan stripes, by the way, liberal and conservatives, have stepped away from forwarding affordable housing in this country," he said. "That should never have happened, but it did."The Offer newsletter: Sign up for complete coverage of Canadian real estate news
"This is an absolutely incredible part of Canada, but it is dealing with an extraordinary problem," Fraser said. He said he couldn't pinpoint a reasonable price for a one-bedroom because people come from varied circumstances, but said people shouldn't have to pay more than 30 per cent of their income for a home.Capital Dispatch: Sign up for in-depth political coverage of Parliament Hill
Fraser said it's important for housing to be built for people across the income spectrum, and his government is looking at ways to speed up construction of housing through subsidies and other incentives.
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