Posted 11/22/2023, 12:29:00 AM
Canadian Government Announces New Housing Investments and Relief Measures in Fall Economic Statement
- Invest additional $15B in Apartment Construction Loan Program to support 30,000+ new homes
- Invest extra $1B over 3 years in Affordable Housing Fund for 7,000+ new homes
- Remove barriers to internal labor mobility across construction, healthcare, and childcare
- Deny tax deductions for expenses related to short-term rentals not following regulations
- Introduce a Canadian Mortgage Charter outlining tailored relief for struggling borrowers