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submitted 7 months ago* (last edited 7 months ago) by JohnnyCanuck@lemmy.ca to c/canada@lemmy.ca

I feel like I haven't seen anyone talking about this press release here and I'm curious about what people think.

  • "$15 billion top-up to the Apartment Construction Loan Program to build a minimum of 30,000 new apartments." Edit to add: "With this top-up, the program’s financing is on track to build over 131,000 new apartments within the next decade."
  • "new reforms to the Apartment Construction Loan Program to increase access to the program and make it easier for builders to build"
  • "Launching Canada Builds – partnering with provinces and territories to build more rental housing across the country"
  • "Yesterday, we announced a new $6 billion Canada Housing Infrastructure Fund and a $400 million top-up to the Housing Accelerator Fund to ensure communities have the infrastructure they need to grow and build more homes"

Is this more lip service or are these genuinely working in the right direction to increase housing?

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[-] sbv@sh.itjust.works 4 points 7 months ago

the other one states that at least 1.3M dwellings need to be built by 2030 to try to keep up with demand

And 3.5M to lower prices back to reasonable levels.

this post was submitted on 12 Apr 2024
29 points (96.8% liked)

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