Skip to Main content

12.88°^C Vancouver

News Entertainment Sports Videos Podcast Contact Us

Sep 26, 2023 6:53 PM - The Canadian Press

Govt to provide $20 billion more for construction of rental houses: Freeland

Share On

govt-to-provide-20-billion-more-for-construction-of-rental-houses-freeland

The limit is being increased to $60 billion, which the federal government says will increase rental construction by 30,000 units annually.(Photo: The Canadian Press)

Finance Minister Chrystia Freeland says the federal government is unlocking another $20 billion in low-cost financing for the construction of rental housing across Canada.

The federal government had an annual limit of $40 billion on its Canada Mortgage Bonds program, which raises funds for residential mortgage financing.

The limit is being increased to $60 billion, which the federal government says will increase rental construction by 30,000 units annually.

Freeland is making the announcement this afternoon alongside other cabinet ministers, including Housing Minister Sean Fraser.

The Liberals also introduced legislation last week to eliminate GST charges on rental developments as Ottawa ramps up efforts to increase the housing supply.

Experts say the shortage of purpose-built rentals is the most acute and is eroding housing affordability across the country.

Latest news

stelco-to-recall-all-175-laid-off-hamilton-workers-starting-december-1

CanadaNov 13, 2026

Stelco to Recall All 175 Laid-Off Hamilton Workers Starting December 1

Canada’s major steel producer Stelco has announced that all 175 workers temporarily laid off from its Hamilton, Ontario, facility will return to work on December 1. Cleveland-Cliffs confirmed the decision in a press release on Friday. The move comes amid continued pressure from Industry Minister Mélanie Joly, who had warned that the company could be forced to exit its Canadian operations if it failed to maintain employment levels under the agreement made when it acquired Stelco in 2024. According to Cleveland-Cliffs, operations at the Hamilton Finishing Unit were temporarily suspended on Se

Boat Accident in B.C.’s Squamish Valley Leaves Several Feared Dead

Several people are feared dead following a boat accident in the flood-affected Squamish Valley area of British Columbia. According to B.C. Emergency Health Services, they received a report of the incident at around 2:48 p.m. Thursday near the 15900-block of Squamish Valley Road. Following the report, RCMP and search and rescue teams launched a search operation in the area. Police have not yet confirmed how many people were involved in the boat accident. Meanwhile, Jeremy Valeriote, the newly elected MLA for West Vancouver–Sea to Sky, expressed his condolences to the families affected by the

alberta-has-the-lowest-fuel-prices-in-canada-claims-premier-danielle-smith

AlbertaNov 13, 2026

Alberta Has the Lowest Fuel Prices in Canada, Claims Premier Danielle Smith

Alberta Premier Danielle Smith says the province has the lowest gasoline and fuel prices in the country. In a social media post, Smith said keeping costs down for Alberta families remains the government's top priority amid rising living costs. She highlighted several measures introduced by the provincial government to provide financial relief to residents. The government has suspended the provincial fuel tax, cutting it by 13 cents per litre until the end of the year. It has also introduced income tax reductions and provided energy rebates. Smith said every dollar saved at the gas pump goes ba

microsoft-outage-disrupts-teams-outlook-and-copilot-services-worldwide

WorldNov 13, 2026

Microsoft Outage Disrupts Teams, Outlook and Copilot Services Worldwide

A technical outage affecting several Microsoft digital services has disrupted users worldwide, with the issue continuing for at least 18 hours. Services including Microsoft Teams, Outlook and the artificial intelligence software Copilot have been affected. Microsoft said services are gradually being restored in affected regions, including Europe and North America. However, some users may still experience difficulties logging in or accessing services. The outage has also affected healthcare services, schools and businesses. In the United Kingdom, some schools have asked parents to contact them

sharp-debate-erupts-between-lena-diab-and-pierre-poilievre-over-immigration-plan

CanadaNov 13, 2026

Sharp Debate Erupts Between Lena Diab and Pierre Poilievre Over Immigration Plan

Canada’s Immigration Minister Lena Diab and federal Conservative Leader Pierre Poilievre are clashing over the government’s new immigration plan. In a recently released video, Poilievre claimed that under the new plan, Canada would welcome approximately 200,000 more new permanent residents annually compared to the numbers under former Prime Minister Justin Trudeau’s government. Rejecting his claim, Diab said the 100,000 people being granted permanent residency are not newcomers arriving from abroad. Instead, they are already living and working in Canada and are not taking anything away f

Related News

Stelco to Recall All 175 Laid-Off Hamilton Workers Starting December 1

Stelco to Recall All 175 Laid-Off Hamilton Workers Starting December 1

Canada’s major steel producer Stelco has announced that all 175 workers temporarily laid off from its Hamilton, Ontario, facility will return to work on December 1. Cleveland-Cliffs confirmed the decision in a press release on Friday. The move comes amid continued pressure from Industry Minister Mélanie Joly, who had warned that the company could be forced to exit its Canadian operations if it failed to maintain employment levels under the agreement made when it acquired Stelco in 2024. According to Cleveland-Cliffs, operations at the Hamilton Finishing Unit were temporarily suspended on Se

Sharp Debate Erupts Between Lena Diab and Pierre Poilievre Over Immigration Plan

Sharp Debate Erupts Between Lena Diab and Pierre Poilievre Over Immigration Plan

Canada’s Immigration Minister Lena Diab and federal Conservative Leader Pierre Poilievre are clashing over the government’s new immigration plan. In a recently released video, Poilievre claimed that under the new plan, Canada would welcome approximately 200,000 more new permanent residents annually compared to the numbers under former Prime Minister Justin Trudeau’s government. Rejecting his claim, Diab said the 100,000 people being granted permanent residency are not newcomers arriving from abroad. Instead, they are already living and working in Canada and are not taking anything away f

Canada Raises Luxury Tax Threshold to $150,000 for Electric and Hydrogen Vehicles

Canada Raises Luxury Tax Threshold to $150,000 for Electric and Hydrogen Vehicles

Buying fully electric and hydrogen-powered vehicles in Canada could become more affordable after the federal government raised the luxury tax price threshold for these vehicles from $100,000 to $150,000. According to an announcement by Finance Minister François-Philippe Champagne, the change came into effect on Friday. This means fully electric and hydrogen-powered vehicles priced up to $150,000 will no longer be subject to the additional luxury tax. The government said the decision takes into account the higher upfront cost of zero-emission vehicles and aims to encourage their adoption. Howe

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

Broadcasting Notice of Consultation

BC Children's Hospital