Opinion: 'Solving the affordable housing crisis requires federal leadership and solutions that tackle the systemic issues,' writes Tanya Burkart of ACORNCanada. '[It requires] more than a one-time top up.'
. This one-time rental top-up of $500 is for individuals who paid rent in 2022 that is at least 30 per cent of their net family income, and who have a net family income of $35,000 or less for a family, or $20,000 or less for an individual. It also requires the individual/family to have paid their income taxes for 2021.
The CHB top-up comes at a time when cities across the country are seeing skyrocketing rents and record inflation. Some cities have seen an almost 30 per cent jump in rental prices in the last year. But is the top-up enough? On top of it, there are many moderate-income renters who are falling through the cracks. I live in Brampton and my family has an annual income of roughly $48,000; and we are five members, four adults and one child. With the current rules, we do not qualify because we make “too much”. Once again, my family is stuck in the missing middle. This is a huge anomaly in the way the current top-up has been designed.
Moreover, for 2019, the Real Median Total Household Income for Canada was $46,900. The figures for B.C. and Ontario are $57,600 and $48,600 respectively.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Opinion: Canada's ban on foreign homebuyers is unlikely to affect housing affordabilitySince foreign owners only represent a tiny segment of the housing market, it’s unlikely that Canada’s new ban on foreign homebuyers will make homes more affordable for Canadians.
Read more »
B.C. premier, housing minister to make announcement about rental housing protectionsThe B.C. government is set to make an announcement about new actions to protect rental housing Thursday morning.
Read more »
Opinion | Blaming foreigners will not resolve the housing shortageOpinion: Instead of blaming foreign buyers for unaffordable housing, our governments have to stop looking for scapegoats, and remove the obstacles they’ve put in place.
Read more »
People are leaving Canada's biggest cities amid a housing crunchLarge cities are getting bigger and more expensive, forcing hundreds of thousands to look for affordable housing elsewhere. Read on.
Read more »
B.C. owners and renters have highest housing expense in Canada, survey findsNot a single B.C. city made it on the 'lowest shelter costs' list.
Read more »
Opinion: The Bank of Canada’s millions in balance-sheet losses are only the beginningFor first time, the Bank of Canada recently incurred a net loss. This is only the beginning
Read more »