As an organization working to create the conditions for younger and future generations to thrive, Gen Squeeze is excited to be partnering with the Canada Mortgage and Housing Corporation on a new project examining issues related to housing affordability, wealth and inequality.
Beginning in September, 2020 Gen Squeeze will convene a broad range of stakeholders to examine potential policy solutions that treat housing as a home, rather than an investment vehicle, and how these solutions could be used to improve housing affordability.
“Rising home prices are creating a growing divide between those who own housing and those who don’t. This project will bring a broad cross-section of people into dialogue about solutions that might bridge that divide, in ways that support all Canadians,” said Eric Swanson, Co-Executive Director of Gen Squeeze.
“We need to make it so that no Canadian relies on gains in housing wealth to feel secure, and we need to rethink the policies that – by encouraging the financialization of housing – push the cost to buy or rent a home even further out of reach,” Swanson said.
This project is funded by the CMHC’s Solutions Labs, a program under the National Housing Strategy that provides housing stakeholders with funding and expert innovation lab consultants to help solve complex housing problems using innovation methods and tools.
The 18-month project is currently in the design stage, with sessions expected to begin in September 2020. The specific solutions of focus will be determined by the stakeholders themselves once the process begins.
Gen Squeeze shares the CMHC’s goal that all Canadians be able to afford a good home within the next decade.
“Taking steps to ensure Canadian communities are affordable for all generations is a key part of creating a stronger, more sustainable economy, which has never been more important,” said Swanson.
More information about this project will become available once the sessions are underway. A final report outlining the Solutions Lab activities and participants will be published at the end of the project in early 2021.