Feds announce more access to low-cost financing for new multi-unit rental builds in Canada

Canada’s Deputy Prime Minister Chrystia Freeland announced that the federal government will be providing more access to low-cost financing for new multi-unit rental builds in Canada by increasing the annual limit for mortgage bonds from $40 billion to $60 billion. Freeland added that the move will have “no fiscal impact” on the government and the move is expected to increase housing up to 30,000 units every year.