The federal government is setting aside another $15 billion in the upcoming budget for its apartment construction loan program.
Prime Minister Justin Trudeau says the funding will help build another 30,000 apartments within the next 10 years.
The government is also reforming the program to extend loan terms and expand financing to housing for students and seniors.
Get breaking National news
Get breaking Canada news delivered to your inbox as it happens so you won't miss a trending story.
By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy.
The announcement is part of the Liberals’ pre-budget tour of the country.
- FIFA lawyers force B.C. charity to scrap World Cup ticket raffle
- Section of Banff National Park remains closed to visitors a year after rockfall
- 3-year-old child’s death in Montreal highlights dangers of inflatable play structures
- First woman to appear in NHL game continues to build legacy as a PWHL general manager
On Tuesday, Trudeau announced a $6-billion infrastructure fund to support homebuilding and a $400 million top-up to the housing accelerator fund.
The Liberals also say the funding for provinces and territories will come with conditions, including adopting the recently announced renters’ bill of rights.
Comments
Want to discuss? Please read our Commenting Policy first.