The provinces and territories provide federal funds to cover the costs of the National Housing Strategy through bilateral agreements with Canada Mortgage and Housing Corporation. Earlier in the day, Adam Vaughan, Parliamentary Secretary to the Minister of Family, Children and Social Development and Minister of Canada Mortgage and Housing Corporation (CMHC), along with Honorary Citizen Steve Clark, Ontario`s Minister of Municipal Affairs and Housing, announced that the two struggling Ontario governments will provide direct support for accessibility. The $1.4 billion joint investment will be the first under the Canada Housing Benefit. Federal NHS funds and equivalent resources made available through bilateral agreements with the CMHC. Learn more about Ontario`s strategy to maintain, repair and develop our housing system in the community. Every Canadian deserves a safe and affordable place to call home. That`s why the federal government launched the National Housing Strategy (NHS) in 2017 and in 2018 the province of Ontario signed the bilateral housing agreement. „Today`s announcement is another great example of how governments are working together to help our people. For me, as mayor, ensuring affordable housing is a top priority, which requires the cooperation and support of other levels of government. The City of Toronto, on behalf of our residents, has consistently committed to investing more in housing and the Canadian housing benefit to the provincial and federal governments. This agreement helps meet this demand and will help more families access safe, safe and affordable housing. “ – John Tory, Mayor of the City of Toronto Ontario, is working to increase housing supply across the province while getting the best benefits for taxpayers. Reducing bureaucracy will accelerate the introduction of housing construction, which will lower the cost of housing and help people keep more of their hard-earned dollars.
For more information on affordable housing in Ontario, visit ontario.ca/affordablehousing or follow us on Twitter. The new bilateral agreements signed with the provinces and territories are presented below. These agreements are consistent with the new vision of housing under the National Housing Strategy, and are more flexible and consistent with the expected results. The multilateral framework sets out a common vision for housing and lays the groundwork for bilateral agreements on the implementation of important initiatives in the national housing strategy. Housing ministers have approved a multilateral framework for the housing partnership, which is committed to achieving better housing destinations for Canada. „Our government knows how important it is for the people of Ontario to have housing they can afford. We are working with the federal government to address provincial priorities, including housing affordability. The new Canada-Ontario Housing Allowance will provide people looking for housing with more opportunities that meet their needs and homes. The best results come from cooperation, and this also applies to cooperation with all levels of government. – Dr. Steve Clark, Minister of Municipal Affairs and Housing The Canada – Ontario Housing Benefit builds on the Canada-Ontario bilateral agreement under the National Housing Strategy, which will spend more than $5.75 billion on protecting, renewing and expanding social and community housing and supporting Ontario`s housing repair, construction and affordability priorities.
Today`s announcement demonstrates a shared commitment by Canada and Ontario to prioritize housing affordability for Ontarians. The federal, provincial and territorial governments are the main partners in housing and have a common responsibility and complementary role in housing. As Canada`s housing agency, the CMHC contributes to the stability of the housing market and the financial system, supports Canadians in housing shortages and provides