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Feds to take steps on housing promises ahead of cabinet retreat in Halifax

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HALIFAX – Housing Minister Sean Fraser is expected to unveil details on a Liberal promise to lease federal land to developers to build affordable housing on Sunday just before the full federal cabinet kicks off a three-day retreat in Halifax.

The annual end-of-summer cabinet session comes three weeks before Parliament returns for the fall sitting and is likely the last summer retreat for this cabinet before the next election.

It may be the last real chance this government has to reset itself with voters before asking them for another mandate.

A year ago, a cabinet retreat in Charlottetown had a heavy focus on housing as rapid immigration and lacklustre housing starts drove availability down and prices up .

But the Liberals left that retreat without anything concrete to announce, and their poll numbers continued to suffer as they failed to convince Canadians they have the recipe to fix a problem that has become critical under their watch.

This time around they intend to put plenty in the window for Canadians starting Sunday afternoon when Fraser and Public Services Minister Jean-Yves Duclos will publicize efforts to turn underused or vacant federal land and properties into affordable housing.

Former Liberal chief of staff Marci Surkes, now the chief strategy officer at government relations firm Compass Rose, said housing will be central to this retreat and the Liberal agenda going forward.

“Frankly the government has certainly made significant policy moves and investments since last year and some of them are beginning to bear fruit, but the reality is that the focus on supply needs to remain in place,” she said. “There is no real relief yet.”

The afternoon announcement comes four months after Fraser and Prime Minister Justin Trudeau published their updated housing plan, aiming to build nearly four million new homes in less than seven years.

It’s estimated between 3.1 million and 3.5 million new units are needed by 2031 to solve the housing crisis that has left Canada with some of the least affordable housing among developed countries.

The Canada Mortgage and Housing Company warned earlier this year that the housing affordability crunch is likely to last into 2026, though housing starts may begin to improve in the coming months thanks to falling interest rates.

Housing demand spiked in Canada in the first two years of the COVID-19 pandemic. Between March 2020 and March 2022, the average price of a home in Canada grew more than 50 per cent to $835,000. That has since fallen, as high interest rates drove up borrowing costs and fewer people were in the market to buy a home.

Average rents are up nearly 25 per cent in the last five years.

The Organization for Economic Co-operation and Development reports the home price to income ratio in Canada has fallen since it peaked in early 2022, but overall the cost of a home has increased 40 per cent more than Canadian incomes have since 2015.

The government’s overall plan includes new protections for tenants, loans to build more apartments and a spate of programs to massively expand the number of affordable units available. Among those is the building homes on public lands project, which seeks to identify and lease underused or vacant federal properties to developers to build affordable homes.

With capital land costs sometimes up to one-quarter of the cost of a new home, the leasing program helps lower those initial costs for developers and also keeps the land in public possession to help guarantee the homes built on them stay affordable.

The April budget identified the first five land parcels for lease under the program. Four of them are on former military bases in Calgary, Edmonton, Toronto and Ottawa while the fifth is the site of a former National Film Board building in Montreal.

This retreat is also expected to see the government discuss immigration and temporary foreign workers, industrial strategies including for the electric vehicle market, child care and Canada-U.S. relations.

The meetings start on Sunday evening with a working dinner, with two full days of discussions to follow. Monday will see cabinet hear from experts and advisers on housing, immigration and middle class economics. They will include Kevin Whitzman, CEO of the Canadian Home Builders’ Association, Sen. Hassan Yssuff, the former president of the Canadian Labour Congress, and Maya Roy, the former CEO of the YWCA Canada.

Tuesday’s discussions will shift to Canada-U.S. relations, with the upcoming presidential election holding major significance for Canada which relies heavily on U.S. trade for its economic stability. Canada’s U.S. Ambassador Kirsten Hillman will address the cabinet Tuesday, as will former ambassadors Frank McKenna and David MacNaughton.

This report by The Canadian Press was first published Aug. 25, 2024.

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World on pace for significantly more warming without immediate climate action, report warns

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The world is on a path to get 1.8 degrees Celsius (3.2 Fahrenheit) warmer than it is now, but could trim half a degree of that projected future heating if countries do everything they promise to fight climate change, a United Nations report said Thursday.

But it still won’t be near enough to curb warming’s worst impacts such as nastier heat waves, wildfires, storms and droughts, the report said.

Under every scenario but the “most optimistic” with the biggest cuts in fossil fuels burning, the chance of curbing warming so it stays within the internationally agreed-upon limit “would be virtually zero,” the United Nations Environment Programme’s annual Emissions Gap Report said. The goal, set in the 2015 Paris Agreement, is to limit human-caused warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) since pre-industrial times. The report said that since the mid-1800s, the world has already heated up by 1.3 degrees Celsius (2.3 degrees Fahrenheit), up from previous estimates of 1.1 or 1.2 degrees because it includes the record heat last year.

Instead the world is on pace to hit 3.1 degrees Celsius (5.6 degrees Fahrenheit) since pre-industrial times. But if nations somehow do all of what they promised in targets they submitted to the United Nations that warming could be limited to 2.6 degrees Celsius (4.7 degrees Fahrenheit), the report said.

In that super-stringent cuts scenario where nations have zero net carbon emissions after mid-century, there’s a 23% chance of keeping warming at or below the 1.5 degrees goal. It’s far more likely that even that optimistic scenario will keep warming to 1.9 degrees above pre-industrial times, the report said.

“The main message is that action right now and right here before 2030 is critical if we want to lower the temperature,” said report main editor Anne Olhoff, an economist and chief climate advisor to the UNEP Copenhagen Climate Centre. “It is now or never really if we want to keep 1.5 alive.”

Without swift and dramatic emission cuts “on a scale and pace never seen before,” UNEP Director Inger Andersen said “the 1.5 degree C goal will soon be dead and (the less stringent Paris goal of) well below 2 degrees C will take its place in the intensive care unit.”

Olhoff said Earth’s on a trajectory to slam the door on 1.5 sometime in 2029.

“Winning slowly is the same as losing when it comes to climate change,” said author Neil Grant of Climate Analytics. “And so I think we are at risk of a lost decade.”

One of the problems is that even though nations pledged climate action in their targets submitted as part of the Paris Agreement, there’s a big gap between what they said they will do and what they are doing based on their existing policies, report authors said.

The world’s 20 richest countries — which are responsible for 77% of the carbon pollution in the air — are falling short of their stated emission-cutting goals, with only 11 meeting their individual targets, the report said.

Emission cuts strong enough to limit warming to the 1.5 degree goal are more than technically and economically possible, the report found. They just aren’t being proposed or done.

The report ”shows that yet again governments are sleepwalking towards climate chaos,” said climate scientist Bill Hare, CEO of Climate Analytics, who wasn’t part of the report.

Another outside scientist, Johan Rockstrom, director of the Potsdam Institute for Climate Impact Research, said the report confirms his worst concerns: “We are not making progress and are now following a 3.1 degree path, which is, with next to zero uncertainty, a path to disaster.”

Both the 3.1 degree and 2.6 degree calculations are a tenth of a degree Celsius warmer than last year’s version of the UN report, which experts said is within the margin of uncertainty.

Mostly the problem is “there’s one year less time to cut emissions and avoid climate catastrophe,” said MIT’s John Sterman, who models different warming scenarios based on emissions and countries policies. “Catastrophe is a strong word and I don’t use it lightly,” he said, citing the Intergovernmental Panel on Climate Change’s latest report saying 3 degrees of warming would trigger severe and irreversible damage.

The report focuses on what’s called an emissions gap. It calculates a budget of how many billions of tons of greenhouse gases — mostly carbon dioxide and methane — the world can spew and stay under 1.5 degrees, 1.8 degrees and 2 degrees of warming since pre-industrial times. It then figures how much annual emissions have to be slashed by 2030 to keep at those levels.

To keep at or below 1.5 degrees, the world must slash emissions by 42%, and to keep at or below 2 degrees, the cut has to be 28%, the report, named, “No more hot air… please !” said.

In 2023, the world spewed 57.1 billion metric tons (62.9 billion U.S. tons) of greenhouse gases, the report said. That’s 1,810 metric tons (1,995 U.S. tons) of heat-trapping gases a second.

“There is a direct link between increasing emissions and increasingly frequent and intense climate disasters,” United Nations Secretary-General Antonio Guterres said in a video messaged released with the report. “We’re playing with fire, but there can be no more playing for time. We’re out of time.”

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Read more of AP’s climate coverage at http://www.apnews.com/climate-and-environment

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Follow Seth Borenstein on X at @borenbears

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The Associated Press’ climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.



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Hamilton Tiger-Cats sign Canadian kicker Liegghio to extension

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HAMILTON – The Hamilton Tiger-Cats signed Canadian kicker Marc Liegghio to a two-year contract extension Thursday.

Liegghio, 27, of Woodbridge, Ont., remains under contract with Hamilton through the 2026 season.

Liegghio has made 39-of-44 field goals (88.6 per cent) and 37-of-38 converts (97.4 per cent) this season. The five-foot-seven, 198-pound kicker was named Hamilton’s top 2024 special-teams player Wednesday.

He has appeared in 66 regular-season games over four CFL seasons. He has made 117-of-138 field goals (84.8 per cent) and 125-of-139 converts (89.9 per cent). He began his pro career with the Winnipeg Blue Bombers (2021-22) before joining the Ticats last season.

Liegghio played collegiately at Western Ontario. He was selected in the fifth round, No. 39 overall, by Winnipeg in the 2020 CFL draft.

This report by The Canadian Press was first published Oct. 24, 2024.

The Canadian Press. All rights reserved.



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Rogers Communications reports $526M third-quarter profit, up from loss a year ago

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TORONTO – Rogers Communications Inc. reported a third-quarter profit of $526 million compared with a loss a year ago.

The company says the profit amounted to 98 cents per diluted share for the quarter ended Sept. 30.

The result compared with a loss of $99 million or 20 cents per diluted share in the same quarter last year.

Revenue for the quarter totalled $5.13 billion, up from $5.09 billion a year earlier.

On an adjusted basis, Rogers says it earned $1.42 per diluted share in its latest quarter, up from an adjusted profit of $1.27 per diluted share a year ago.

Analysts on average had expected a profit of $1.36 per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Oct. 24, 2024.

Companies in this story: (TSX:RCI.B)

The Canadian Press. All rights reserved.



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