Conservative Leader Pierre Poilievre wants the federal government to impose a carrot-and-stick approach to housing construction that would leave cities in a financial hole if they miss construction targets and federal housing agency executives out of a job if they don’t meet strict approval deadlines.
One expert cautioned that while the bill sets out worthwhile goals, they might not be achievable even if cities met the demands because the construction sector is already operating at capacity. Under the proposed law, cities deemed to be “high-cost” municipalities would be subject to a new home completion target that increases by 15 per cent each year. That means that within five years the number of home completions would have to double from 2023.
Mr. Poilievre did not speak with reporters about the bill and the party did not provide a briefing on it. In the law, Mr. Poilievre also proposes firing members of the Canada Mortgage and Housing Corporation’s executive committee and executive-level staff if they don’t meet deadlines for project applications for a prolonged period.
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