Carbon tax protest at Nova Scotia-New Brunswick border | SaltWire #newbrunswick #novascotia #rallyOTTAWA - Prime Minister Justin Trudeau on Tuesday launched a C$6 billion Canada Housing Infrastructure Fund to accelerate the construction and upgrading of housing.Canada faces a housing affordability crisis as a rapidly increasing immigrant population has far outpaced the number of available homes, leading to increases in prices and rents.
The government will allocate around one-fifth of the money to municipalities to build critical infrastructure around houses and the rest will go to provinces and territories to build houses for the middle class."We need more affordable homes, and we need the infrastructure to help build these homes. That's why in Budget 2024, we're building more infrastructure, building more homes, and helping more Canadians find a place to call their own," Trudeau said.
"Since we launched the Housing Accelerator Fund last year, we have cut enough red tape to build 750,000 new homes over the next decade. It is working, so we are investing another$400 million," Finance Minister Chrystia Freeland said.C$1 billion to be allocated to municipalities to support urgent infrastructure needs such as water, sanitation etc. The remaining C$5 billion will be for agreements with provinces and territories to support long-term priorities.