Everything Housing-Related Trudeau Has Promised Pre-Budget

It’s here: Budget Day for the Trudeau government. But if you've been paying attention over the past few weeks, you'd know that the Feds have already dropped a number of significant housing announcements.It’s here: Budget Day for the Trudeau government. Of course, few of us need the reminder, considering the prime minister has been making dramatic announcements all over the country for the month of April.

Most notably – and controversially – these include requiring municipalities to allow fourplexes.

Lastly, through the existing Apartment Construction Loan Program, another $500M will be made available specifically for "new rental housing projects using innovative construction techniques," such as prefabrication and modular manufacturing. On Friday, the Liberals' most ambitious announcement involved seemingly countless promises. The plan lays out a bold strategy to unlock 3.87 million new homes by 2031. The 28-pagepromises to direct major dollars to help battle the country’s housing crisis and deliver more homes. This means $1.5B for a new co-op development program and allocating $1B to an existing program, which provides loans to those building and repairing affordable housing.

Student housing has also become an incredibly pressing issue. The government announced it will extend the existing GST exemption on rentals to student residences built by public post-secondary academic facilities. Unlocking public land for development was also front and centre. Trudeau announced that a Public Lands for Homes Plan will lead a national effort to build affordable housing on federal, provincial, territorial, and municipal lands across the country.

“I feel like we're kind of in a period of growing pains where I'm still seeing a lot of people violating the policy because it's so unclear what the actual punishment will be.”​The Versante Hotel sits at 8499 Bridgeport Road in Richmond, near YVR, and has been made available for purchase via private sale.This Property Management Group Brings Innovation To A Growing Rental Market

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