Finance Minister to Present Federal Budget with Housing and Affordability Measures

📆 4/15/2024 9:28 PM
📰 BurnabyNOW_News

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Finance Minister,Federal Budget,Housing

Finance Minister Chrystia Freeland is set to present the federal budget on Tuesday after a countrywide tour that teased many of the housing and affordability measures to be included in the document. The budget will include the government's plan to tackle the housing crisis and build nearly 3.9 million homes by 2031.

OTTAWA — Finance Minister Chrystia Freeland is set to present the federal budget on Tuesday after a countrywide tour that teased many of the housing and affordability measures to be included in the document.On Friday, Prime Minister Justin Trudeau announced his government's plan to tackle the housing crisis, which he promised will build nearly 3.9 million homes by 2031.

— extend the mortgage amortization period to 30 years for first-time homebuyers purchasing new builds; That includes setting aside another $8.1 billion over the next five years and spending $73 billion by 2044.Ottawa is setting aside $2.4 billion in the upcoming budget to build capacity in artificial intelligence.

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Deputy Prime Minister to Present 2024 Federal Budget, Address Housing CrisisDeputy Prime Minister and Finance Minister Chrystia Freeland will present the 2024 federal budget, focusing on balancing new spending with fiscal prudence and addressing Canada's housing crisis.
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