A new federal housing initiative, Build Canada Homes (BCH), aims to tackle the GTA’s housing shortage. However, critics like Robert McLister suggest it may simply be a rebranded CMHC, offering more bureaucracy than tangible solutions. While the plan targets low-to-moderate income households, questions arise about its impact on the middle class, who are also struggling with affordability in the GTA’s expensive market. With projected timelines pushing shovel-ready projects well into the future, and a focus on direct-build units representing a minority of the total, many are skeptical about BCH’s ability to significantly alleviate housing costs for the average GTA resident. Read the full article on Financial Post to learn more about the concerns surrounding this new housing strategy and its potential impact on the GTA.
Read the original story here: https://financialpost.com/real-estate/mortgages/canada-housing-solution-more-bureaucracy-than-bedrooms
