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Unlocking Home Ownership Is The Key To The Growth Of Indigenous Communities: Joseph Quesnel In The Globe And Mail – MLI

May 13, 2019

The 2019 federal budget provided incentives for middle-class Canadians to access home ownership, providing more opportunities to own the place they live. In this real-estate market, too, it’s become a way to create and unlock equity, providing another route for Canadians to grow their portfolio.

But that’s a right that is taken for granted by those who are not Indigenous. That same budget failed to address First Nation housing in a major way or provide paths to private home ownership for Indigenous communities, even as First Nations entrepreneurs and communities continue to remind governments and private industry the chief obstacle they face is a lack of access to capital. In a report from the Macdonald-Laurier Institute, authors Dominique Collin and Michael L. Rice argue that these unfair restrictions have caused Indigenous businesses to grapple with a capital gap, created by the shortfall of economic outcomes that First Nations and Inuit peoples face without the same level of access to borrowing options as the rest of Canada. At last count, according to the report, it was at more than $80-billion and growing.

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