The Federation of Canadian Municipalities (FCM) used a Saskatchewan conference to call for the inclusion of housing issues in the upcoming federal budget, according to a Global News report.
Claude Dauphin, president of the FCM, appealed for a firm commitment by the federal government to work with all levels of government and put home investment on a sustainable and long-term track for the future.
The unwieldy combination of high average home prices and record-breaking household debt levels has made home ownership an impossibility for many Canadians, Dauphin said. As a result, this places an increasing amount of pressure on the affordability of housing units in an already crowded rental market.
According to FCM, $120 million worth of federal subsidies for affordable housing in Saskatchewan will soon expire, and that communities across Canada are facing similar issues.
Canada's federal budget is set to be released on Feb. 11.
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