CMHC sets target to make housing affordable for every Canadian by 2030

A construction worker shingles the roof of a new home in a development in Ottawa on Monday, July 6, 2015. File photo by The Canadian Press/Sean Kilpatrick

A federal housing agency hopes to see every Canadian with an affordable home by 2030 and has offered up a plan full of experiments to make it happen.

The Canada Mortgage and Housing Corp. said Friday that meeting that target will take help from governments and the economy — hence the aspirational nature of the goal.

“We believe that everyone in Canada deserves a home that they can afford and that meets their needs. We also believe that we are in the best position to make that happen,” Evan Siddall, the corporation’s president, writes in an opening message in the document. “We are single-minded in striving toward this goal and it will guide our work in the coming years.”

An estimated 1.6 million Canadian households are considered in “core housing need,” meaning that people live in places that are too expensive for them or that aren’t really suitable for them. MORE