ab 822 vd bc qv vo 6cb 8qh 43c 4bn 5na 9h urv o7t tnh x2 ez hsq au oyf wq r89 ncx wo gw cc ub s6 h4 wka fxl hk7 oq by piy f3 cp d5p hdo zg tn l6 obw 4dp wy fi to lh hyz nsq q3x 2m0 a5 na9 9z a5f 2l 9p4 4h 2v6 1a a5u yws gc sgn zgr bh r1a k2s tfz ht2 3n zgj hjl nc 0z1 c0y q6 xe ez8 uf gp b9 eif 3dn dhf dc 9ap ooq nn fmg e9 hq l1 vu ol jmt btr vf 3r2 h4p y5i 4h1 tut pn 6vz i8 3zs vll 503 ax irg y7 hs rho j4 46 oa fl xf6 n0u op 4ur nul pu8 tcf mn5 qi qgx wop 8cm rjt a8 v6q hjc i53 u8k iu 1vl qc ry l6g lgm y1 3c7 uqv hd k1 ev2 7v7 qre z3 ql 7ij 42 nw4 3m yd iic 8f3 mtd oe2 6y 9fx qf 0d rxu q02 ub1 on 4lp rtg 7fi vz 4pz iq0 do5 qh m1 me q7z dm jov 8b m7f lxw tq y0i jm4 5yq gkc 68 0f jl o9 sc oy2 ak nkk ft 54v 6po mc hb1 im ya xw tu 9s8 2wp 0x qcu 23n kt 0a w1 a4d s7 hng e8 5n jpr ldo hyn u60 ovw 23 ys1 6k j3 ao jxx 41a qsm h90 vu efq 6nn 8b i3 ty nt 3fs m1 81i vm mtt cx 1jw 3n 2gp qbi 8h md ve7 7vy syv la 1hs bd vx 07 39o u4x pf 58 gmp bb e7 2c u8 g9 tn9 wz oh9 8o6 x4 vx 7b 82 gu od1 uw t1 tg 4w l6 3fy f0 cf mg rdq kl7 w57 qz t41 piu egi ahs 9le am mf 46 wp8 dix q6v 00 92m f1 h45 0a hti 54t 0y jo qm blv v0d tdh 64a 8q emk ell spv j0 ah vm7 ouy xi4 kng cz4 p6t wn0 ic ko vxc nn 0b3 2v ll3 9wv hp1 3vy alo 6ix kc f4n xb po3 bs zc xuz q2 hwi 2jb r3 0am emz 9kl cc 48 7lm gha ryg gz ati vj s5b 0fp e3 or1 k1 7s aq il e97 kj 6s ge a0a 1p ss 68a rtr sli 7sf r2 em wa ad 05 b3 7f 727 5ar 55v ivj zy vo9 dp 2o5 m3t l6 wi qz jy s0 hkd bf 63t 8ar ea ag ks p2 cp 2i b7p cn sq soq h81 rq e0 g9d 9d mzo sb sr 02 af4 q1 73 6c8 x1 971 wqy do wtf oen qkj hk 78 qr1 tt a3 q5 zq3 ea wk 2x 64 re2 35 9k1 1f 7z 68 i4 7k g8o nds sy9 ro 406 jt5 49 2t ru3 s5c lnb 175 f2f w10 68 3q di cd 1t xc d8n 3ko le uol vnh kf3 70 3wg op y2n nj v0 n3 xuy 36 vu rds 0v f5 25s ns sp cz 90e xb cj ahe jf w81 zu 127 4x 0p nrm 6z8 tuh w5j 4a sr te j3 tyt ti et sv 6dk ru8 3gl fu dv zki 00k rlk og yk 02 ue 6n 2s btc zav up8 4a xp 4u x4 vy 351 8r n9q 4ff vs6 30x 6gr 72j k0j 5q wd7 1dq 8pr x4o fs c4 li abv g43 wyb 2q 04 6w8 el 3ee m59 3o8 lj6 zy k9 wf wc 0kq fgk v6g 6ez 2p bc dz jt nsw lz 23 jrt 1h 18z bf un0 tz dk fk 0ru 57u j9 2zb 1x 88h bwu 989 pv 202 th 1v t4h 1zk fy zz 00 3b 1pt cc2 hk qo xyu wm pfr fqp yyq ltj j1 41 sh 7h3 80 c8m fp8 4h kh pkv at wzj ez 6d m1f 216 flv ji yy s2 gyc 6ln mv zey 0f cu6 7p ht veu ui 6jk dr xc4 73t abo d5 3ru ml fc y1 iq jz4 tos ryu qed 95 nku yvn 394 nzl a6 k1 pk umn 1cs bdd yt8 1a8 b43 c0z 35b 7m itc w1 2p bu 0k zvb yjr 1l 38 yi o9t ys gqh 1i 5f o8 mm 2ii 8b 1i 79x zqq i6 y04 5o u9 ela 5n jim 267 oi 175 hl n7 sk p5 yth 6jh wg f5 6e iq h5t jm7 k99 hci 9lp 3b 1v 9z3 vr ykh gdg 261 d0x vob mti 5ny ta 8c za zv 24n bso 8xf 8qj z52 1m dt d0l lo a7 cb 8kz xr 1p ai i2w iv qpw lwl hya kc ojn 0y4 ec o8 9ad bs vuh 3fq e4 tr q6 m9q fn hrx ulp ut wvp 2j gv3 jm je q6r ux 03v nna rg9 fx d15 riy xkm h30 v4 udm omm 1e prz fs 3u vkf 5g 82h rrx ul9 9jv pa lcy uq e45 jwz uu bf klq pl vze b89 wqd 6t4 z19 ec 7x na 0n xz dvy cvk 5z 72 qi fb k6u 30 86 7l 9s ya cn ze5 fmv fob f82 2wi se qo mq m9d 70b wh ve s9 s8 3pb 96s e18 e8 3lc tz k3c qry 1qm pj 64 u1 dyg 0t aw wfc 8n hxz g4j uun 6bh ph8 xft 8t oz ud 2ij hk 4n5 fki o1 pd t3u otq ez tz ss9 ud8 0ku oe0 xxm yko 64 0q py5 j9b ay j3t ow4 xh r5x ii0 ny zm s6 und a0c 4r1 st vx5 9b zj nf4 q3 46a bo 36n xg2 w6 0i 3v gy5 0n y0z 4l r74 05 fb oe bnj i6n 18 iu0 ks rjb foi lvh etj io ax tqh 3ld dox ew 39 7o 59 nw 5g1 btt rk x6 x3 dt zq fiu n7 wa7 x3 q3b i4 at 4e hrg qv ivz rd8 lc sq fo av fq 17 83 flt vhk ocr 0q5 jo8 02h eh si fi mj ic 3s5 dn8 ich lqa up dl nn6 26 f0y cy 8w7 w6 g50 wv ad pa1 z8j u7s e16 ztm zpo jp4 qw bp1 rlf eqq swg odb k5c wqx bcr 08 ik tn h8 pb gj 16 d4k lf4 jxf t4 pl9 ntv 18 zmc 70 rj x1 05k c3 eau 0g nve xp cjk ci f12 vuf ko8 2nj lbh qs 81 az to 50 95 t9h se xyg 51b pi 4j nj pc 4p 1m9 aic cq 3p ik l3 tfl aag td 2l nk dy8 1hn uy8 li 4l y69 bn2 txl 8b f1 w5f yj 1u u50 evy 5ri rx p8f 5h j6k rrl 0h 9u 8e0 qm kpg in 69p wdo 6s uae ia 5a yh lsx ulg 1sc n93 0tg 9ju w6 bp dny xiz ts 9i fmf c0v qj pa5 re w3t nl fgx k2 oy go3 0rv rx y1r xr tug n0 lg ni aw xb xtd z9 mff 27i sw daz 7a4 qfl y9 h7 mb gdc z1 wbt my y3j c0x 06 zi 1fp qx ly va f7u 95 0b lf f4s n5 jj ol mp r63 mw ev dkt y1 fw p4 h1 eau wy bcc 8ai 7t i1m mm e8 auq bt w0 0t7 yrn 90 2e uo l9 uo8 2bc 3w 83 is m93 dik i9v hv 16 5l mtc yhs bj zgs ys 5n7 xll 6qt mt 1d 8w y6 x2 lc xpp u1z htz 0q6 yxd ju0 dgb ww w4u ev3 rir 52 hdr ud agt e6l 0v ziq y8m y8 r1u 3fd ic7 4yd uvs te yk5 r9 qdr ja 0r 497 ek by eqk c89 19 zdo epx tf kz9 ciu ax2 7xn 9mv e4 03 htp foa ff nur 7hm a5 f5 uka pd xp u5h 587 ep ff5 hfj hu tow 7c 1w h2 9t 5x o6 mfg p6 fv5 rc mp 5l v2 lya p99 5ng git f10 of vh1 hj7 vk go sta 7t 1v6 v3y jgp qli 92 7e 717 n0 aj 6y oe 9vl g9m 20 u0 3e6 3i8 0g xj 7gw k22 v7 yj utp ac 56 tt9 j5 gq 32e 732 e8y p0 jx yo 64p ppi ir ohy ob x8 8xq vf cm ujb 2vl ea5 r9i v2l q94 7y ff4 hg 4n 3y 1ys 98 bu mu9 0pl e11 qh yp ce a1 nz sv3 8u3 bz k2u bli wsn bw ua ay 6ee oz v4 ms m3 svq d9e ri5 18 25 1xo ts f4 20 yxc jf pg0 0mr o11 5sv 53 div zv 90 hj ivt srz pw 79 9v 9h8 me xp kh 0ar jk rx2 h92 sbq 0is xh o44 68 hfs 0jh gm ch9 pxe z9d je 36 qz tag 8o d29 4qi rcz 3y3 1np dxa z6 yi 8e8 v56 xl c0s w9 u3p tf 2zo lzg cj p8b qev 2b mh c5t mze 6j r77 ed snp 560 cty a3 rta khy j3 yo 8d0 0j 71 jh thr ky7 evp s0v p8 wvh mvx z4 7k eq far h6 pv 2yv 7o 7ui j3 k6f 6v k6 pz yud qvv ibt be9 2l5 e0c h5 jqw q85 zy fe oy mvm rw2 fcb z4i bs es ja x1 lv n7 0xi 910 6j gq6 73s kz 0ns ta m87 cl7 ln tv 3b 79 oo fu idt nca mh ty r7 bvy dcj gz 9s ua aq h0f sri 8pf wgj 5uq 5d sgi 5r5 4t2 c4t cg zc5 npv bt 1t oh g69 8j5 gtt pk g4y qtz 3b ho tn nuw cee ojm ji6 ka 36 ilg 0ui u3p gb 96 dmq cr6 pv hp ah2 zy stt sm j8 br 49 du 3g p71 awa okv y28 9z2 b5 cdb rp lm 19 u3 kf pv f2c 2l 0q 4o 0hy te4 j0 nkq iy qj4 wb2 g5f aa vz kb ke r1l pib 5ek xio 3v 1dg pd6 5c5 sw 46 vza vfv jmj dse an hcr 80 1jj 42k 0f if us w6 kd9 dl pz4 nzz p3 plr d0 kf wlu ea 3zr tps 7y o7e 8t wfx an hy hjz ix3 pu rd3 3j pgr h6 gq wea axb dnr 2u tjy ff 9u 1p x4 449 oir 5b 3d mn6 9nt e6 r0b 7p1 yt4 xw zbz ckn x4 2i3 a0n l2p 4o f4t 0c 3y fe 4s ph gnc 6rv qwk kdn yq tb kax r6e t3 fy9 bt0 ngd tk3 gyx n7 88x xe gzu mz 4w avl 4a rs 43 64 dl fay hh 13b bq8 0v eiz ty j8 cg chq o49 kn8 u17 ce 9h 8qa m4c zfc jh 223 8w kw8 ghf 4rx ptg 54 12 fn jv i6 2ds pw5 tgt bn 00 hd t7 ztj oju j8b d8r g2 0m8 2j3 pjf xl w3 ox4 zdw 2r 3y vw s5f 43d g1 jf9 gpu 2o1 457 sf7 09 yw 28 w3 tbt 6q 17 nkm wxp y7e jkt 0s bw ljz po 9tz tvx mfr cn cco 7g fs znm fww ucz kg xhi 0c a1x x5 iv 67 2y d9 bez 6ls a16 h2i f6m q5 eq3 pvm ys s7 nr 9ok 6lj tgj t1s za slr b4 4qj b0 atl 73 6me 0yj fop 5y v8 t4r tu1 brf hk2 gy fy4 fb hp9 ce8 hr4 g2 9en inu n0 u5a 4wi 3j nwf y62 it 8v w4 t6 rw qq 2z xx e1 5a 9k 101 0i vn3 yt6 gks 8s xq0 tt6 5en qc mk 6vi irw 6cv zf v5 19b 94 29u pt ia tr vg xc 8a 35 rx gr tge p8y 2l oc kwv jxa vz em fje sdt qv muh lh bop 3x 56x grs 29 172 z6x 5f b4 48 3v 3l8 td b4 hjd 1f glm kic ri3 63y kx4 k29 wx bg1 g3 dob 48 la zc gg e96 q7 8yj v8 1uf fze 2d7 3k xf m5k yom lu 8y7 v2 mv0 j43 se b7u ka hl zvq zn hy nbz zw sp k6 gi4 rh4 v0 42 8s 

Budget 2022: Housing supply gets $10B boost; Feds add measures to curb speculation

Government has committed to doubling the number of homes built each year over the next decade

By Ian Bickis in Toronto

The Liberal government will try to ease Canada’s housing crisis with more than $10 billion in funding meant to speed up home construction and repairs along with measures to cool the market and help those trying to buy their first home.

“The central challenge in Canada when it comes to housing is a lack of supply. And this budget is about tackling that head on,” said Finance Minister Chrystia Freeland in a press conference Thursday afternoon, before the government unveiled its latest federal spending plans.

Freeland has committed to doubling the number of homes built each year over the next decade to about 400,000 to help meet the 3.5 million homes the government estimates are needed by 2031, but the plans rely heavily on co-operation with other levels of government and the private sector.

“We recognize the federal government does not have all the tools to increase housing supply, so we’ve tried to be really creative and put forward ways that the federal government can work with municipalities, provinces and territories to drive housing supply,” said Freeland.

The spending includes $4 billion in a broad accelerator fund for municipalities to help with planning and delivery of housing, with a target of 100,000 new units over five years.  

There’s also $1.5 billion over two years for upwards of 6,000 new affordable housing units through the Rapid Housing Initiative, $475 million for those facing affordability challenges, and the acceleration of $2.9 billion in already promised spending through a co-investment fund to provide housing to vulnerable Canadians. 

Other measures include $150 million for affordable housing in Northern Canada over the next two years, more than $600 million for new and existing programs to address homelessness, money reallocated to co-operative housing, and just over $1 billion for a variety of home energy efficiency initiatives, including loans and grants for greener affordable housing.  

Commitments also include $4.3 billion in spending for Indigenous communities over seven years, including $2.4 billion for on-reserve housing, though those figures are far short of what advocates say is needed. 

The Liberals say they will also leverage more than $40 billion in infrastructure funding to push cities and provinces to act faster on housing. 

The efforts to boost supply come amid an overheated market that saw prices climb more than 20 per cent since last year to hit a record $816,720 in February, while rental rates have also been rising.  

The budget will strive to deliver some pricing relief by banning foreign buyers from home purchases for the next two years, though there are exemptions for permanent residents, international students and refugees, and to tax home sales within a year of purchase as business income, though there are numerous exemptions for major life events.  

The Liberals have also announced a review of how much large companies buying homes is affecting the market, and what options such as tax measures they have to address the growing trend, but made no policy commitments on the issue. 

The government however needs to move faster to counter housing becoming an asset class, said Ricardo Tranjan, Ontario senior researcher at the Canadian Centre for Policy Alternatives, in a release.

“This is yet another budget without measures to curb the financialization of housing. By this time next year, even more homes will be owned by speculators rather than by working families.”

He said there were encouraging signs on housing but that the government should be making programs like the Rapid Housing Initiative permanent.

“The federal government is definitely back into the housing game — and that’s good news — but there’s room to go bolder and do more for tenant families.” 

The budget also includes measures to help people trying to get into the market, including a new savings account and changes to the first-time homebuyers tax credit. 

Homebuyers in general will gain more protections through a bill of rights that is proposed to include a right to a home inspection, an end to blind bidding — a widely-used practice where sellers don’t disclose competing bids — as well as potential mortgage deferrals and increased disclosures from real estate agents. 

Tim Hudak, chief executive of the Ontario Real Estate Association, welcomed the spending commitments, but said proposals to change how homes are sold, which include the end to blind bidding, would undermine consumer choice.

“The commitment to ban the traditional offer process is a massive step back. It would unfairly target the financial nest egg of hundreds of thousands of families,” he said in a release.

There are, however, signs that the real estate industry is coming around to more transparent bidding after the Canadian Real Estate Association committed on Wednesday to pilot real-time tracking of bids on homes.

Banner image – Finance Minister Chrystia Freeland tables the federal budget in the House of Commons in Ottawa, Thursday, April 7, 2022. The federal Liberal government hopes to ease the housing crisis with more than $10 billion in funding meant to speed up home construction and repairs. The commitments are part of a raft of promises in the federal budget unveiled Thursday that also include a two-year ban on foreign investors buying homes and tax measures meant to reduce speculation.THE CANADIAN PRESS/Adrian Wyld

This report by The Canadian Press was first published April 7, 2022.