The federal government unveiled its fall economic update yesterday, including an array of measures aimed at improving access to affordable housing. Finance minister Chrystia Freeland announced up to $15 billion in loans to incentivize construction of rental units. Another $1 billion would be set aside for an affordable housing fund that would support the building of 7,000 new homes in co-op, non-profit, and public housing settings. The government also signalled its intention to create a new Department of Housing, Infrastructure, and Communities.
Fall economic update tackles housing affordability
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