Posted 11/21/2023, 9:07:00 PM
Housing Help Coming But Relief Years Away: Billions Pledged for New Homes But Funds Won't Flow Until 2025
- Billions pledged for new housing and rental units, but most funding not available until 2025/2026
- Deficit projected to be $40B in 2023-2024
- New measures announced to help protect homeowners facing mortgage renewals
- Plans to crack down on short-term rentals like Airbnb to free up housing supply
- Suite of affordability-related commitments including changes to Competition Act and tackling "hidden junk fees"