Trudeau Announces $600M in Loans and Funding to Build Homes, Rental Units Faster

Published on April 5, 2024

Ottawa is designating $600 million in loans and funding to make it easier and cheaper to build homes for owners and renters, Prime Minister Justin Trudeau has announced. The April 5 announcement is the latest in a lineup of pre-budget announcements geared toward younger voters. “Younger generations, like millennials and Gen-Z, feel like they’re falling behind because housing costs are just too high,” Mr. Trudeau said during a Calgary press conference. “That’s not OK—and it needs to change.” The government wants to accelerate the pace of home construction “to levels not seen since the end of the Second World War,” he said. “To do that, we need to change our approach and adopt innovative technologies.”...

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