SUMMERSIDE – Summerside city council has endorsed a resolution from the Federation of Canadian Municipalities (FCM) calling the federal government and the provincial government to work together on a long-term plan for housing.
© MIke Carson/Journal Pioneer
Councillor Peter Holman
Councillor Peter Holman, a member of the FCM board, said municipalities across the country are being asked to support this resolution.
Holman said the housing campaign stresses “the importance of developing a long-term plan for housing that increases predictability, protects all from the expiry of social housing agreements and ensures that the housing needs are met.”
The FCM claims that housing costs and household debt are undermining people’s personal financial security, while putting local economies at risk.
“One in four people is paying more than they can afford for housing, and mortgage debt held by Canadians is over $1.1 trillion,” Holman said, quoting FCM figures.
The FCM warned that $1.7 billion in annual federal housing investments are set to expire and will put 200,000 people at risk of losing their homes and will bring other spillover effects unless federal, provincial and municipal governments take action.
Summerside mayor Basil Stewart said the loss of this vital investment could have serious consequences for the City of Summerside.
Councillor Ron Dowling said the resolution is a “sound basis for making required changes in the area of housing.”
“It’s an area where more work has to be done and more dollars have to allocated and resources have to implemented,” he said. “This is a very good move.”