The federal government says the new funding will boost rental construction by 30,000 units annually
"There is no fiscal impact for the government of Canada as a result of this measure. This is fiscally responsible policy using policy tools at our disposal," Freeland told reporters Tuesday in Ottawa.
The federal government is facing pressure to help alleviate the national housing shortage, including by providing incentives to developers to build more homes. Experts say the shortage of purpose-built rentals is the most acute and is eroding housing affordability across the country.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Feds unlock another $20 billion for low-cost rental construction financing: FreelandOTTAWA — Finance Minister Chrystia Freeland says the federal government is unlocking another $20 billion in low-cost financing for the construction of rental housing across Canada.
Read more »
Feds unlock another $20 billion for low-cost rental construction financing: FreelandOTTAWA — Finance Minister Chrystia Freeland says the federal government is unlocking another $20 billion in low-cost financing for the construction of rental housing across Canada.
Read more »
Feds unlock another $20 billion for low-cost rental construction financing: FreelandOTTAWA — Finance Minister Chrystia Freeland says the federal government is unlocking another $20 billion in low-cost financing for the construction of rental housing across Canada.
Read more »
Feds unlock another $20 billion for low-cost rental construction financing: FreelandOTTAWA — Finance Minister Chrystia Freeland says the federal government is unlocking another $20 billion in low-cost financing for the construction of rental housing across Canada.
Read more »
Feds unlock another $20 billion for low-cost rental construction financing: FreelandOTTAWA — Finance Minister Chrystia Freeland says the federal government is unlocking another $20 billion in low-cost financing for the construction of rental housing across Canada. The federal government had an annual limit of $40 billion on its Canada Mortgage Bonds program, which raises funds for residential mortgage financing. The limit is being increased to $60 billion, which the federal government says will increase rental construction by 30,000 units annually. Freeland is making the announ
Read more »
Feds unlock another $20 billion for low-cost rental construction financing: FreelandOTTAWA — Finance Minister Chrystia Freeland says the federal government is unlocking another $20 billion in low-cost financing for the construction of rental housing across Canada.
Read more »