Jump-starting homebuilding
The Canadian Press – Apr 5, 2024 / 11:02 am | Story: 480525
Photo: CTV News
The federal Liberal government plans a $600-million package of loans and funding to help make it easier and cheaper to build homes for owners and renters.
Prime Minister Justin Trudeau made the announcement in Calgary, just the latest in a string of pre-budget announcements aimed at winning over younger voters.
“Younger generations, like millennials and gen-Z, feel like they’re falling behind because housing costs are just too high,” said Trudeau.
“That’s not OK — and it needs to change.”
Trudeau said $50 million would go toward a homebuilding technology and innovation fund, with another $50 million to modernize and expedite construction.
An additional $500 million worth of low-cost loans will foster projects with “innovative” construction techniques from prefabricated…
