Disclaimer: The information provided on the Timber Exchange Market Data Hub is sourced from a variety of publicly available data sources and confidential sources that have not been independently verified. Timber Exchange is not responsible for any expenses, damages, losses, or costs incurred as a result of using or relying on the information provided on this site. By using the Timber Exchange Market Data Hub, you agree to use the information at your own risk and acknowledge that any decisions made based on the information provided are done so solely at your own risk.

Canada launches housing plan to focus on faster, cost-effective construction

Posted on April 22, 2024 |

Canada's new housing plan aims to make housing more affordable and promote faster construction in the country.

It's called the most comprehensive plan ever seen in Canada and aims to build 3.87 million homes by 2031.

The plan is praised by the Canadian Federation of Rental Housing Providers (FRPO) for offering significant financial support for rental construction.

The plan includes adding $400 million to the Housing Accelerator Fund and creating a new $6 billion Canada Housing Infrastructure Fund.

Key initiatives include building affordable housing on government-owned lands and providing $15 billion in loans for new rental apartments.

Canada Builds, a joint effort, combines federal loans with provincial investments to build affordable homes on underused lands.

Other measures include support for Indigenous housing, protection against rent increases, extending mortgage terms, and funding for affordable housing initiatives.

Additionally, the plan launches the Canada Rental Protection Fund to safeguard affordable housing options.

Previous Next