Recent federal budget announcements are drawing criticism from housing advocates who believe the proposed measures don’t go far enough to address the GTA’s affordability and supply challenges. While the budget pledges $25 billion for housing over five years, experts question whether it will truly “supercharge” the market and achieve the ambitious goal of doubling home construction to meet the demand for 430,000-480,000 new units annually. Concerns are raised about the reliance on the Build Canada Homes agency and the need for greater private sector involvement and intergovernmental collaboration to remove barriers to homeownership. Read on to explore the key takeaways and expert opinions on what the budget means for the future of GTA real estate. [Link to original article: https://www.ctvnews.ca/business/real-estate/article/budgets-housing-promises-not-enough-to-solve-affordability-supply-issues-advocates/]
Read the original story here: https://www.ctvnews.ca/business/real-estate/article/budgets-housing-promises-not-enough-to-solve-affordability-supply-issues-advocates/
