Feds to reduce housing spending by half, build only 26,000 homes: Budget watchdog

CBC: Spending on housing programs will decline by more than half over the next four years with the federal government’s $13-billion signature housing initiative leading to the construction of just 26,000 new homes, a new parliamentary budget officer (PBO) report says.

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The report concludes that the $9.8 billion the federal government is spending on housing initiatives in 2025-26 will decline to just $4.3 billion annually by 2028-29, a drop of 56 per cent…