Prime Minister Justin Trudeau announced Wednesday the next federal budget will include a $15-billion top-up to the federal government’s apartment construction loan program that aims to boost construction of new rental housing in Canada.
The Liberal government also intends to reform the low-cost financing program’s criteria to increase eligibility and leverage the soon-to-be $55-billion program to encourage provincial and territorial partnerships aimed at boosting rental housing construction.
Trudeau’s Canada Builds
announcement is the latest in a string of campaign-style announcements that are expected to continue until Finance Minister Chrystia Freeland tables Budget 2024 on April 16.
Canada Builds is going to turbo-charge affordable apartment construction in partnership with provinces and territories,
Trudeau said at a news conference in Toronto. It will provide low-cost loans,…
