Federal transit money for cities now comes with housing strings attached | CBC News

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The federal government signals that it will require provinces to help financially with housing before cities can receive infrastructure funding.

to cover the transit revenue shortfalls municipalities were facing due to the pandemic.While some measures aim to put more money into people's hands — for example, there's a one-time $500 payment to those struggling to afford housing, as well as a new tax-free savings scheme for first-time home buyers — most of the new money is aimed at boosting Canada's housing supply.

That's not unusual — a number of federal initiatives call for provincial governments to provide matching funds. What is new, though, is that the federal government is tying transit funding to housing. Ford government unveils plans to fix soaring Ontario housing prices — but not everything's on the table

 

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And there’s the catch.

mini_bubbly And so they should especially in Ontario. Ford would withhold that money just like he did with the pandemic money that he is now using for his election.

That’s great because many of us have waited for 14+ years and still waiting for BC Housing

Canadian infrastructure? It is 2022 and you don't even have Greyhound. lol

This beautiful home dropped in price by $150,000 😳 Buckle up the market is crashing and fast 😳

This is very wrong. Transit budgets and housing budgets are not connected.

How dare you ask Provinces to pay their fair share. Don't you know that they are broke....like Alberta, Ontario and Quebec who are giving away billions to their citizens just in time for election season.

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