Prime Minister Justin Trudeau made the announcement in Calgary, just the latest in a string of pre-budget announcements aimed at winning over younger voters.
"Younger generations, like millennials and gen-Z, feel like they're falling behind because housing costs are just too high," said Trudeau.Trudeau said $50 million would go toward a homebuilding technology and innovation fund, with another $50 million to modernize and expedite construction. An additional $500 million worth of low-cost loans will foster projects with"innovative" construction techniques from prefabricated and modular housing manufacturers and other builders.
Housing Minister Sean Fraser said Canada is living through a housing crisis, but it doesn't have to be like that going forward. "But it's going to demand that we do things in different ways," he said, adding more announcements will be made in coming weeks.In Winnipeg on Thursday, Trudeau announced $1.5 billion to help non-profits acquire more rental units and ensure their affordability.
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Source: CTVCalgary - 🏆 26. / 68 Read more »