TORONTO — The federal government has announced new measures to boost Canada’s housing supply including the launch of a new program called Canada Builds to build more rental housing.
Among the measures is a $15-billion top-up to the Apartment Construction Loan Program intended to support a minimum of 30,000 new apartments, bringing the total from the program to 130,000 new apartments within the next decade. The reforms will also provide additional flexibility on affordability, energy efficiency and accessibility requirements, and launch a new frequent-builder stream to fast-track the application process for proven homebuilders, the government stated.
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