Prime Minister Justin Trudeau announces creation of $1.5-billion rental protection fund to help non-profits buy affordable rental apartments when they go up for sale
It’s good to see some kinda/sorta/almost direct spending on affordable housing being announced:
Prime Minister Justin Trudeau announced the creation of a $1.5-billion rental protection fund that will provide a combination of loans and grants to help non-profits buy affordable rental apartments when they go up for sale.
It’s nowhere near enough, but it’s better than the neoliberal tHe FrEe MaRkEt WiLl SaVe Us shoveling that both the Liberals and Conservatives have been pushing.
The article explains how the number of homes affordable to people making $30k annually is crashing across the country (but less so in Quebec).
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Imagine if billionaires used their wealth to help people, housing affordability etc…
That’s what taxes are for. But we have fifty+ years of regulatory capture preventing that from happening.
I would settle for taxing, rather than eating the rich.
They’re pretty stringy anyway.