09 july 2012

Shortage of rental housing in Canada



A report by the Federation of Canadian Municipallities (FCM) says there's an alarming lack of rental housing in Canada, and it will threaten the country's economic recovery.

The report gathered data from 27 communities across Canada, and says that even though 30% of Canadians rent housing, only 10% of housing construction is for rental.

RCI's Wojtek Gwiazda spoke with Karen Leibovici, the FCM's President, to find out more about the report and its conclusions.
More information:
Federation of Canadian Municipalities website - www.fcm.ca
FCM Report - No Vacancy: Trends in Rental Housing in Canada - here

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21 July 2012 - 11:15

Height, minimum setback restrictions, segregation of commercial and residential uses of land, development charges being too low for low-density land use and too high for infill and basing property taxes on both land and building rather than land causes it to be more profitable for builders to build outward (unaffordable housing) rather than upward (affordable housing). Apartments in particular pay higher property taxes than other types of dwelling units (because they are considered to be a business), even though the cost to provide services per apartment dwelling unit is lower.

Sent by Danny Handelman, Ottawa, Canada

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