[homeles_ot-l] Government investments in housing up 10.4% - WI backgrounder

[Lynne Browne]

FYI . . .


Revenue sources and expenditure functions, consolidated governmentsHYPERLINK
"http://www.statcan.gc.ca/daily-quotidien/090616/t090616a1-eng.htm#tab1ftnot
e1"1

Expenditures


Housing (All governments consolidated)

2008 -  $5,544 million

2009 - 6,120 million

% change 2008 to 2009 -  10.4%

 

 Lynne Browne

Coordinator, Alliance to End Homelessness (ATEH)

147 Besserer St., Ottawa, ON K1N 6A7

613-241-7913, ext. 205

HYPERLINK "http://www.endhomelessnessottawa.ca/"www.endhomelessnessottawa.ca

   _____  

From: Michael Shapcott [mailto:Michael at wellesleyinstitute.com] 
Sent: June 16, 2009 9:47 AM
To: Michael Shapcott
Subject: WI backgrounder: Government investments in housing up 10.4% 

 

Governments at the federal, provincial, territorial and municipal levels
across Canada increased investments in housing by 10.4% in the fiscal year
ending March 31, 2009, as compared to the previous fiscal year, according to
new figures released today by Statistics Canada as part of their HYPERLINK
"http://www.statcan.gc.ca/daily-quotidien/090616/t090616a1-eng.htm"governmen
t revenues and expenditures database.  

 

This brings consolidated government investments in housing to almost 1% of
overall government spending – about the same level as the early 1990s before
a massive round of federal and provincial spending cuts and downloading
decimated most housing programs and triggered a nation-wide affordable
housing crisis and homelessness disaster. 

 

Since 1999, most housing advocates have been calling for the One Percent
Solution – which would require consolidated government spending to rise by
1% to a total of 2% of overall spending. Today’s numbers show that
governments are now halfway to the One Percent target, and demonstrates that
effective policy work by housing advocates has had a positive effect on
ramping up government investments. 

 

The 10.4% annual increase in housing investments is the single biggest
year-over-year increase among the 16 categories of government spending
monitored by Stats Canada. More details on the housing investments,
including provincial breakdowns and per capita spending numbers, will be set
out in the Wellesley Institute’s State of the Nation’s Housing report card,
which is being released in several segments in the coming weeks.

 

-          Michael

 

***

 

Michael Shapcott | Director, Affordable Housing and Social Innovation |
Wellesley Institute 

45 Charles St E, Suite 101                    Tel: 416.972.1010 ext 231
Toronto, ON, Canada,  M4Y 1S2           Mobile: 416.605.8316  
E-mail:   michael at wellesleyinstitute.com

 

www.wellesleyinstitute.com

rigorous research. pragmatic policy solutions. social innovation. community
action.

 


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