Finance committee  Certainly, the GST rebate in particular helps, as I said earlier, to ensure either that development projects become viable because of the challenging economic conditions we are all facing, or that what is developed is more affordable to the end-user. That's very much welcome in

Finance committee  There are a few ways that delays in getting to funding commitments can affect projects and outcomes for a program like this. First, between the date of the budget commitment and now, we saw several interest rate increases, so the cost of borrowing is going up. We know that the co

Finance committee  What was effective in those programs in the 1970s and 1980s, which were supported by multiple governments, goes back to the significant level of investment. That's not just a one, two or three-year program, but a multi-year program so that you can really plan ahead. Those program

Finance committee  Well, if you look at the federal supply programs, there are a few federal programs that are contributing to new non-profit and co-operative housing supply, although it's not at the quantum that we saw in 1970s and 1980s. Twenty-five per cent of all new rental construction starts

Finance committee  What the research suggested was not a correlation but a causation between investment in new co-op and non-profit housing supply and an increase in productivity levels. The recommendation is to at least double the supply of community and co-operative housing in Canada to restore a

Finance committee  Generally, yes. Officials have been in contact with our policy team at CHF Canada and we are optimistic that the exemptions will be in place for co-operatives and co-operative developers as we're building new co-operative housing supply.

Finance committee  There are a few ways you could look at that. One would be that it reduces the end cost so that this rebate makes more projects viable and able to go forward. With the current interest rates and the very high cost of supply, labour and property, it's very hard to meet the economi

Finance committee  Yes, on a per unit basis.

Finance committee  Because provinces are also coming on board, that often increases substantially as well based on the provincial rebate too. Those tens of thousands of dollars knocked off the delivery price mean a more economic and more affordable housing charge or rent structure for the initial o

Finance committee  I'm not really sure, to be honest with you. I have heard the intention and rationale of this reorganization is to create more alignment between communities and infrastructure. Because housing development is often connected to infrastructure, that alignment does make sense from a

Finance committee  We have been very consistent in identifying the shortage of co-operative housing supply in Canada for decades now, actually. We have not seen a dedicated federal co-operative housing supply program since the early 1990s. To add to the point about productivity, since you were qui

Finance committee  The shortage of co-operative housing is quite dire, as it is for all types of housing supply. We have a housing supply crisis. Housing co-operatives in Canada make up less than 1% of the housing market. A great deal of research suggests that, at a minimum, Canada needs to doubl

Finance committee  Good evening, Mr. Chair. Thank you to the members of the committee for the invitation to appear tonight. I would love to be there in person; however, I am in Fredericton for work, so I am appearing from Fredericton today. I represent the Co-operative Housing Federation of Canada

Finance committee  Good evening. Thank you again for the invitation to appear this evening. My name is Tim Ross. I'm the executive director of the Co-operative Housing Federation of Canada. CHF Canada is the national voice of housing co-operatives from coast to coast to coast. In a world of grow

Finance committee  I won't be able to offer you a unit count. What I will say is that the rebate will make the difference in the economic viability of “go” or “no go” for many co-op projects today, tomorrow and into the future. There's another aspect to this. The rebate, because of the co-operati