Canada sees a severe housing shortage at CFB Kingston. However, the friendly city received acclamation for many innovative housing regulation changes that seek to bridge the gap between the unhoused and downtown businesses. So, Canada is trying to answer basic needs like getting rent, a house, or just getting some food. Many people face difficulty connecting with services.
People in Canada today are almost struggling to include fundamentals like relearning how to live, own a home, find a job and get access to any other services that an individual may need. There are government programs to help improve the situation. But, the housing crisis is now a far-reaching problem that at present affects a vast number of Canadians.
The housing crisis is also a problem for Canadian Armed Forces
According to Global News, housing in and around CFB Kingston is in quite a less supply and is becoming too pricey. It is very problematic for the many members of the Canadian Armed Forces stationed at the base. The housing shortage is heavily impacting military members at the base. Islands MP Mark Gerretsen said that the current housing challenges faced by the military are serious issues.
Global News reports that Mayor Bryan Paterson said it would take a reasonable effort on the military’s side and more housing starts in the city to help the situation. Hatton said that new housing would be helpful for some military members. There is the option to explore more dedicated housing for military members.
The housing crisis and speculation for the future
However, home prices in Canada may not drop much further. This may be because of the country’s ongoing shortage of new homes. The deputy chief economist for the Canada Mortgage and Housing Corporation said that the rising interest rates curb some demands in the market.
Aled ab Iorwerth of CMHC spoke to CTV National News. He said the housing shortage is still a problem in many parts of Canada. And 1st-time homebuyers will have a difficult time entering the market.
However, the city has already received acclamation for many innovative housing regulation changes that are important to bridge the gap between the unhoused and downtown businesses. A report released by Royal LePage shows that the median price of a home in the country in the 4th quarter of 2022 fell 2.8 percent to dollars 757,100 compared to the end of the year 2021. This marked the 1st year-over-year decline since the end of 2008 during the financial crisis. However, prices are still above pre-pandemic levels.