14 Sep 2011

Unaffordable housing limiting Canada’s economic growth

In recent weeks, several economic indicators have suggested that Canada's economic prowess is regressing. A new report from the Federation of Canadian Municipalities is providing officials with a potential explanation for why this is happening.

According to FCM's report, inefficient public transportation, limited community services and a lack of affordable housing are preventing the Canadian economy from growing.

These insufficiencies are profoundly affecting Canada's new immigrants, according to Claude Dauphin, FCM vice president, a problem which can be rectified by local and federal government officials.

"Municipalities are the front-line, first-responders for many immigrants' needs, yet we collect just eight cents of every tax-dollar paid in Canada and have been given no formal role in developing federal immigration policies and programs," said Dauphin.

In addition to reforming Canada's immigration policies, FCM is calling on officials to invest more money in the country's infrastructure and affordable housing programs.

Something that has never been cost prohibitive at Jiffy Self Storage is renting a storage unit. Our costs compete with other Toronto storage facilities, which is part of the reason why we've received the Consumers' Choice Award more than a dozen times.

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