US EditionFederal government promises $2.55B in low-cost loans to build Toronto rental homes
- The federal government is providing $2.55 billion in low-cost financing to help build rental homes in Toronto, including more than a thousand affordable units.
- Toronto will offer nearly $235 million in financial incentives such as relief from development charges, fees, and property taxes.
- Toronto Mayor Olivia Chow stated that this 'landmark agreement' will help reduce barriers to building housing and secure affordable homes 'for generations to come.'
- The financing will accelerate the start of seven rental housing projects expected to begin construction by the end of next year.
29 Articles
29 Articles
More than 700 rental units to be built in Montréal
MONTRÉAL, March 21, 2025 /CNW/ - The Government of Canada is investing more than $278 million to build 764 rental units in Montréal through the Apartment Construction Loan Program (ACLP). The announcement was made by the Honourable Steven Guilbeault, Minister of Canadian Culture and Identity, Parks Canada, Quebec Lieutenant and Member of Parliament for Laurier–Sainte-Marie, accompanied by Anna Gainey, Member of Parliament for Notre-Dame-de-Grâc…
Jeff King: A proposal to tackle Canada’s down payment problem
Housing affordability is a complex social issue that can't be solved by a single solution. If a simple fix would suffice, then we could simply look to the major centres across the U.S., Europe and Asia that have long struggled with housing affordability and apply established best practices in Canada.
Cambridge Times
Looking for an affordable home in Ontario? Canada’s Housing Design Catalogue promises to spur development on existing urban lots with 7 innovative designs
The Government of Canada recently unveiled a new Housing Design Catalogue, a measure aimed at combating the housing crisis using gentle density in established neighbourhoods in all regions of the country.
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