Trudeau government to launch $6B infrastructure fund to help build homes

Prime Minister Justin Trudeau, centre, is flanked by Minister of Housing, Infrastructure and Communities Sean Fraser, left, and mayor of Halifax Mike Savage while making a housing announcement in Dartmouth, N.S. on Tuesday, April 2, 2024. THE CANADIAN PRESS/Darren Calabrese

“Building more homes faster - this is how we'll address the shortage of housing options for Canadians, and this is how we'll make it fairer for younger generations who feel like they're falling behind because housing costs are too high,” Trudeau said. But the Liberals are attaching strings to the funding available for provinces and territories, noting the money will only flow if they commit to set of actions.

The federal government is also demanding that provinces and territories freeze development charges for three years and require municipalities to broadly allow the construction of fourplexes.If a province or territory doesn't secure a deal by those deadlines, their funding will be transferred to the municipal stream of the infrastructure fund, the government said.

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