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submitted 3 days ago* (last edited 2 days ago) by patatas@sh.itjust.works to c/canada@lemmy.ca

Under Mark Carney's Liberal government, the CMHC has quietly redefined 'housing affordability' to no longer mean 30% of income, but "perhaps 40-45% ... [and] over 50% of income by 2035".

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[-] streetfestival@lemmy.ca 30 points 3 days ago

Wow, this is big. I mean, I didn't think things were going to get any more affordable, but this deepens my belief in that prediction quite a bit. "Over 50% by 2035" sounds like a fiefdom, because people got a lot more bills than rent/housing - or at least that's my oldthink perspective lol. It's also sobering that this report was published in June and failed, insofar as I know, to make any splash in any Canadian mainstream news. I'm grateful for the Fediverse

[-] patatas@sh.itjust.works 15 points 3 days ago* (last edited 3 days ago)

Honestly I only went and looked for the report because of a post on Bluesky by Peter Julian.

That said, this post seems to have already gotten more reach than a ~~sitting~~ former MP's did on that platform, so you're right about the fediverse!

Regardless, I agree it should be much bigger news.

[-] garbagebagel@lemmy.world 3 points 3 days ago

Oh, was Peter Julian voted out this last election? Damn I don't live there anymore but that's a shame.

[-] patatas@sh.itjust.works 2 points 2 days ago

Lotta great NDP MPs lost their ridings, really sucks. Matthew Green lost here in Hamilton Centre too, so disappointing

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this post was submitted on 12 Jul 2025
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