As housing affordability worsens, some have called for the government to reintroduce the option for 30-year terms. Build affordable housingConservative MP Tom Kmiec, the party’s deputy finance critic, repeatedly refers to the distinction between housing affordability and affordable housing. Kmiec says the government’s policies to cool off the housing market have actually hurt the average Canadian’s chance of affording a house. Affordable housing refers to government-subsidized housing for low-income people which can help housing affordability more generally, as the supply increases and prices come down. Oppositions parties say the plan has been moving too slowly to have a tangible effect on broader housing affordability issues.

Source: National Post February 24, 2019 20:37 UTC