In order for this "ambitious" goal to be met, the federal government must work with its provincial and municipal counterparts, as well as builders, developers, the non-profit sector, and the higher education sector to prioritize innovation in homebuilding, address bottlenecks that are slowing down construction, and provide support to those who are experiencing homelessness.
The CMHC approval process should be streamlined, and include a catalogue of pre-approved designs to allow for the construction of purpose-built rental housing to be fast-tracked. While some of the recommendations can be undertaken quite quickly, like removing HST and GST on purpose-built rentals, others, such as creating a national innovation strategy, will be more long-term, Moffat explained. Some, like a pre-approved catalogue of designs at CMHC, have been implemented during housing crises past.
The recommendations address six core challenges the National Housing Accord has identified as preventing the construction of affordable purpose-built rental housing. There are housing needs that can’t be met by the market. These gaps create a need for governments and not-for-profits to build everything from supportive housing units to student residences.
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