housing-rents

Federal government to launch $1.5B fund to protect affordable rentals

by

Prime Minister Justin Trudeau says a new $1.5-billion housing fund will help non-profit organizations acquire more rental units across Canada and make sure they remain affordable. The new Canada Rental Protection Fund will be included in the upcoming federal budget, to be tabled on April 16. The fund will provide $1 billion in loans and … Read more

Bank of Canada says government efforts to curb housing crisis will help ‘gradually’

by

The Bank of Canada says record levels of immigration are driving up the cost of housing and recent government efforts to cut the number of non-permanent residents and encourage home building will help lower housing costs, but “only gradually.”  “In the short term any increase in population, particularly in an environment of constrained supply, is going … Read more