NDP leader Jagmeet Singh says a government led by him would provide immediate relief to Canadian families struggling to pay the rent.
Singh also leveled a harsh attack on the record of the Liberal Party led by Justin Trudeau, accusing them of “phony promises” on housing “instead of taking the housing crisis seriously.”
An NDP government would immediately create a rental benefit of up to $5,000 a year for families that spend more than 30 per cent of household income on rent.
Singh previously announced an NDP government would ramp-up affordable housing construction, adding housing for 500,000 families. But Singh argues immediate relief is needed while projects are constructed. The NDP plan calls for an injection of $5 billion into housing construction within 18 months of election.
A Parliamentary Budget Office report released in July found the Liberals’ National Housing Strategy spends 19 per cent less on affordable housing as a proportion of GDP than in the previous 10 years under the Harper government.
Tightened rental markets have allowed rents to rise dramatically in recent years. A recent report from the Canadian Centre for Policy Alternatives could find no neighbourhoods in either the Greater Toronto Area or Metro Vancouver where a full-time minimum wage worker could afford either a modest one- or two-bedroom apartment without spending more than 30 per cent of income.