Canada to fund 'rent-to-own' program under $2 billion housing plan

The funding, earmarked in previous budgets, would go toward creating some 17,000 new homes across the country, including more rapid housing for the homeless or those at risk of becoming homeless, along with affordable and market-rate housing projects.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

“For a lot of renters, saving to buy a home is increasingly difficult. Through this new program we’ll work with housing providers to help families go from renting to owning their home,” the Canadian leader said. Canada’s home prices surged more than 50 per cent during the COVID-19 pandemic, buoyed by rock-bottom interest rates and booming demand. But recent sharp increases in interest rates by the Bank of Canada, which is aiming to curb high inflation, have cast a chill on the housing market.Article content

Government needs to cut the building permit costs and taxes on building new units instead of having programs. Government can’t solve problems. Government IS the problem. jjhorgan JustinTrudeau PierrePoilievre

A non profit rent to own? Because the whole rent to own thing has been around for decades and is a cash cow for the property owner.

Oh, like that age old gimmick of rent to own TV, furniture, washing machine and you end up paying twice as much.

What a scam

Another promise specifically for votes, $billions promised as usual (where are all these billions coming from ) and as their track record shows nothing will happen for 3-5 years down the road (never in real time)

That won’t do anything to lower inflation or help the housing situation Zilch, nada, bupkis

$2B. Flush. When did we become so hopeless that home building needed to be subsidized with tax dollars?

Oh boy/girl/him/her/them/they! I can see this ending well.

2billion=17,000 homes 🤔

Meanwhile they are bring in 450,000+ immigrants a year to compete for housing with Canadians. Do you still believe Trudeau cares about housing affordability?

There’s nothing to rent . Another Trudeau hot air promise

Who is responsible for the upkeep of the home?

Sharia compliant loans for his newcomers.

Excellent 👌

Stay out of private enterprise!

Justin : I’m gonna make affordable housing …. Implements a rent to own program where you rent til you die but get to say it’s your home the whole time and they take it back when you die and it’s 3/4 paid . Justin : Fuck I’m good.

Who owns the home that is being rented? What happens if they change their mind & no longer want to sell? Why not just change the qualifying amount of a down payment for first time homebuyers & allow the option for longer mortgages

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Canada to fund 'rent-to-own' program under C$2 billion housing planOTTAWA (Reuters) -Canada is moving ahead with a 'rent-to-own' housing program, Prime Minister Justin Trudeau said on Tuesday, as he set out C$2 billion ($1.53 billion) worth of spending toward a previously announced plan to double homebuilding over the next decade. The funding, earmarked in previous budgets, would go toward creating some 17,000 new homes across the country, including more rapid housing for the homeless or those at risk of becoming homeless, along with affordable and market-rate housing projects. The program would also help housing providers develop and pilot a new rent-to-own model, aimed at creating a path for Canadians transition from renting to buying their first home, Trudeau said at a news conference in Kitchener, Ontario. That's why Shambhavi Anand deliberately broke 🇮🇳abortion law(20wks) TWICE (6 & 7mnths-A Criminal Offense)aborted 7mnths alive girl then fled 2🇨🇦 BrockUniversity GoodmanSchool 2 b 'Future Business Leader' YahooFinance YahooCanadaNews YahooNews cdnpoli
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Trudeau targets $2B in spending to fix Canada’s housing supply, affordability issues - National | Globalnews.caPrime Minister Justin Trudeau detailed $2 billion in previously announced spending on Tuesday aimed at adding 17,000 new units to Canada's tight housing supply.
Source: GlobalNational - 🏆 81. / 51 Read more »

Trudeau announces funding for 17,000 new housing unitsPrime Minister Justin Trudeau announced Tuesday the federal government will create 17,000 new homes through additional funding for projects including the Affordable Housing Innovation Fund’s rent-to-own program and launching the third phase of its Rapid Housing Initiative. Cool We should build them all in the same place and have any unvaccinated citizen live there. We could build fences around the area and put guards at every entrance. Oh...build it on like a mine or something. And have all of them dig up shit that the compliant people can use. 💡 The housing crisis is a result of the government irresponsible mass immigration policies. The government is only going to create way more problems down the road. There's a good reason the government shouldn't be responsible for housing, just look at most Native reserves.
Source: CTVNews - 🏆 1. / 99 Read more »