To: Honourable Ravi Kahlon, Minister of Housing, British Columbia and the Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities
I Invest in Housing
Dear Honourable Ministers,
The current pace of new home construction in Canada would leave the country about 3.5 million housing units short of affordability for everyone, the Canadian Mortgage and Housing Corp. says in a new report.” (Mark Blinch/Reuters)
Affordable housing is a community problem and requires a community solution.
I agree that the four pillars model can help address the problem. The four pillars are: zero cost land, below market financing, expedited delivery and revenue generation.
I believe that the Four Pillars Community Housing community engagement campaign, ‘I Invest in Housing’ will attract the interest and support of hundreds of thousands if not millions of Canadians. The campaign is asking Canadians if they would invest in below market community bonds (0-2%) to start building more homes, more quickly and sustainably.
I personally will purchase a below market community bond to help solve the housing crisis. I ask the governments of Canada and British Columbia to support this community-driven approach.
Why is this important?
Neither governments nor the private sector have been able to address the housing affordability crisis. We need to move away from the Financialization of Housing towards the Communitization of Housing.
An article in the Globe & Mail stated that: “We simply don’t have enough money to solve Canada’s housing crisis.” I disagree for if we take this on as a community we do have enough money. Canadians have +$4 Trillion in RRSP and other savings instruments. If one percent those funds were put into five and ten year community bonds secured against land and property we would have the largest affordable housing fund in the world. Imagine transforming our cities and towns that are presently unaffordable to the ‘most affordable’ cities in North America.
Please join us in helping us start ‘Building Solutions to the Housing Crisis’.
Please join us in helping us start ‘Building Solutions to the Housing Crisis’.
How it will be delivered
Via e-mail