Canada's housing strategy having 'limited' impact on housing need, PBO says

The federal government has spent less than half of the funding earmarked for a pair of flagship housing programs as the need for affordable homes grows along with a yawning "affordability gap," says Canada's budget watchdog.

Program lags at the Canada Mortgage and Housing Corporation (CMHC), expired community housing deals with the provinces and a shift toward pricier affordable homes have "limited the impact" of the Liberals' national housing strategy, budget officer Yves Giroux said in a report Tuesday.

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