Housing plan designed to improve housing affordability.

Original article via CityTV. Click here to read.

The idea behind the government’s plan — spending billions first to build up Canada’s stock of affordable housing, and later to provide direct benefits to tenants, rather than spending on shelters — is to ensure fewer Canadians remain or become homeless over time, Social Development Minister Jean-Yves Duclos said in an interview.

Such an approach will also help make private homes more affordable in markets like Vancouver by giving young Canadians, for example, more affordable rental options where few currently exist.

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