60
Why are private companies necessary?
Because neoliberalism... same reason AirCanada is absolute dog shit.
*free market noises*
This seems like it will help no one except the universities. I guess they need another way to extort people since they can’t bring in an unlimited number of international students anymore. Let’s see how ‘affordable’ the new student housing ends up being. I’m guessing $2000/month for a bed in a shared room?
Universities and colleges are also a significant source of temporary housing demand. This could help reduce market pressures for long term rentals while still providing rental housing to students.
Everything that the federal government announces ‘could help’ the issues that they are supposed to help, but the complete lack of oversight and accountability means it rarely ever does anything. How much of this money is going to be eaten up in administrative costs before houses can even be built? What does the government mean to when it says “affordable housing” and what happens if the housing that is created with this money doesn’t fall into that category?
The federal government is tweaking an existing program to make universities, colleges, non-profits and private developers eligible for low-cost financing to build residences on and off campus.
Public universities in Canada are nonprofit institutions and they don't extort anyone for profit. Typically when you see them making money off housing or foreign students, it's to cover budget shortfalls from stagnant or reduced government funding. That's required to keep the legislated domestic fees low. The solution to these externalities begins with increasing government funding.
this post was submitted on 29 Jan 2024
60 points (98.4% liked)
Canada
7185 readers
469 users here now
What's going on Canada?
Communities
🍁 Meta
🗺️ Provinces / Territories
- Alberta
- British Columbia
- Manitoba
- New Brunswick
- Newfoundland and Labrador
- Northwest Territories
- Nova Scotia
- Nunavut
- Ontario
- Prince Edward Island
- Quebec
- Saskatchewan
- Yukon
🏙️ Cities / Local Communities
- Calgary (AB)
- Edmonton (AB)
- Greater Sudbury (ON)
- Halifax (NS)
- Hamilton (ON)
- Kootenays (BC)
- London (ON)
- Mississauga (ON)
- Montreal (QC)
- Nanaimo (BC)
- Oceanside (BC)
- Ottawa (ON)
- Port Alberni (BC)
- Regina (SK)
- Saskatoon (SK)
- Thunder Bay (ON)
- Toronto (ON)
- Vancouver (BC)
- Vancouver Island (BC)
- Victoria (BC)
- Waterloo (ON)
- Winnipeg (MB)
🏒 Sports
Hockey
- List of All Teams: Post on /c/hockey
- General Community: /c/Hockey
- Calgary Flames
- Edmonton Oilers
- Montréal Canadiens
- Ottawa Senators
- Toronto Maple Leafs
- Vancouver Canucks
- Winnipeg Jets
Football (NFL)
- List of All Teams:
unknown
Football (CFL)
- List of All Teams:
unknown
Baseball
- List of All Teams:
unknown - Toronto Blue Jays
Basketball
- List of All Teams:
unknown - Toronto Raptors
Soccer
- List of All Teams:
unknown - General Community: /c/CanadaSoccer
- Toronto FC
💻 Universities
💵 Finance / Shopping
- Personal Finance Canada
- BAPCSalesCanada
- Canadian Investor
- Buy Canadian
- Quebec Finance
- Churning Canada
🗣️ Politics
- Canada Politics
- General:
- By Province:
🍁 Social and Culture
Rules
Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:
founded 3 years ago
MODERATORS