The new Canada Rental Protection Fund will be included in the upcoming federal budget, to be tabled on April 16.
"They recognize that for every new affordable rental home that is built in their province, four more are lost to investors, to conversions, to demolition, and to rent increases," Trudeau said.Thursday's announcement was just the latest in a series of new housing measures unveiled by the Liberal government in its campaign-style pre-budget tour across the country.
Advocates in the social housing and non-profit space have been calling for a mechanism to help them buy up affordable rentals that might otherwise be sold off to investors.
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