The commitments make up one of the biggest areas of spending in the federal budget unveiled Thursday, though the plans rely heavily on cooperation with other levels of government and the private sector.
The spending includes $4 billion in a broad accelerator fund for municipalities to help with planning and delivery of housing, with a target of 100,000 new units over five years. Commitments also include $4.3 billion in spending for Indigenous communities over seven years, including $2.4 billion for on-reserve housing, though those figures are far short of what advocates say is needed.
“We recognize that the central challenge in Canada when it comes to housing is a lack of supply,” Freeland said during a press conference Thursday afternoon, emphasizing that the budget targeted the supply side of the housing equation while acknowledging other levels of government will be needed to execute the plan fully.
timhudak “which include the end to blind bidding, would undermine consumer choice.” Someone has been drinking too much kook-aid. This helps people buying as they won’t have to listen to realtors lie about higher offers when they could save $10,000’s for not having to over bid!
What a joke. They’re making promises beyond 2025. Clearly another liberal false promise.
ACCOMMODATION / FOOD & the NATURE are not GOODS ( Socrates ) DIRECT_Democracy The Citizen Legislator
Maybe working with the banks and have different tiers of interest rate based on the number of mortgages. It is too cheap to borrow money for these investors to buy houses and jack up rent price.
This is not immediate but over 10 years. No clear plan for immediate or in the very near future.
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