Discussion · Government Orders
Randeep Sarai Liberal
“Housing is considered affordable if it costs 30 percent or less of a family's income before taxes. Most Canadians are paying much more than that. Our goal is to build homes so people do not have to spend more than 30 percent of their income on housing.”
“Mr. Speaker, that is a great question. The affordability measurement is, I think, 30% of pre-tax income of a household, as a means of affordability. That is the test case, so it varies, obviously. In areas where perhaps housing costs are lower, there might be less of a need for Build Canada Homes, but I think that in most cases, Canadians are feeling the pinch in having to pay a lot more than 30% of their monthly income toward housing. The goal is to build the type of housing for which people do not have to pay more than 30% of their household income.”
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Mr. Speaker, that is a great question. The affordability measurement is, I think, 30% of pre-tax income of a household, as a means of affordability. That is the test case, so it varies, obviously. In areas where perhaps housing costs are lower, there might be less of a need for Build Canada Homes, but I think that in most cases, Canadians are feeling the pinch in having to pay a lot more than 30% of their monthly income toward housing. The goal is to build the type of housing for which people do not have to pay more than 30% of their household income.