US EditionMontreal Mayor Soraya Martinez Ferrada unveils $7.7B budget, homelessness and housing top priority
The budget triples homelessness funding, raises property taxes by 3.8%, and plans $100 million to acquire shelters and affordable housing by 2035, officials said.
- Montreal Mayor Soraya Martinez Ferrada unveils a $7.7 billion budget with homelessness and housing as top priorities.
- The city plans to invest $100 million by 2035 to acquire and renovate buildings for emergency shelter spaces, and $29.9 million in 2026 for organizations working with homeless people.
- Montreal is committing $578.7 million over 10 years to acquire buildings for social and affordable housing, and will offer incentives to developers to speed up construction.
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Montreal unveils $7.7B budget targeting homelessness, debt and housing
MONTREAL — Montreal Mayor Soraya Martinez Ferrada tabled her first city budget since winning November’s election, unveiling $7.7 billion in spending for 2026, including new money for homelessness and housing.
Global News
Montreal’s $7.7B budget raises spending by 5.4 per cent, has money for homelessness - Montreal
The first budget since Martinez Ferrada won the November election raises spending by about 5.4 per cent, with last year's budget coming in at $7.3 billion.
The Soraya Martinez Ferrada administration presented its first budget on Monday.
Montreal Mayor Soraya Martinez Ferrada unveils $7.7B budget, homelessness and housing top priority
Montreal Mayor Soraya Martinez Ferrada’s $7.67 billion budget presented Monday promises to be balanced while tripling the homelessness budget, upping property taxes and bringing down the debt-to-income ratio down to 100 per cent by the end of the year. The plan is described to be fiscally “rigorous and responsible,” made amid “an uncertain economic situation” […]
Thanks to a 3.8% increase in the property tax, the Martinez Ferrada administration managed to balance its first budget, which provided for record amounts of homelessness. However, the 79 million savings that had been released were swallowed up by the management of the major debt that the metropolis was carrying out.
Property tax rates jump, more money for homelessness in Montreal budget
Montreal Mayor Soraya Martinez Ferrada’s first city budget includes an average residential property tax rate hike of nearly four per cent — beyond last year's rate of inflation — to help pay for its $7.7 billion budget.
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