Skip to Main content

11.46°^C Vancouver

News Entertainment Videos Shows 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

kamala-harris-says-she-is-considering-a-2028-presidential-run

WorldApr 10, 2026

Kamala Harris says she is considering a 2028 presidential run

Former U.S. vice-president Kamala Harris says she is considering a bid for the presidency in 2028, according to recent public remarks made during appearances tied to her national book tour. Harris, who was the Democratic Party’s presidential nominee in the 2024 election, said she is weighing her next political steps amid what she described as ongoing challenges facing the country. She noted that “a lot of work” remains to be done and that current conditions are not working for many Americans. The comments come as Harris travels across the United States following the release of her 2025 c

carney-says-next-governor-general-will-be-bilingual-in-english-and-french

CanadaApr 10, 2026

Carney says next governor general will be bilingual in English and French

Prime Minister Mark Carney says Canada’s next governor general will speak both of the country’s official languages, committing to a bilingual appointment when the current term ends. Carney responded “absolutely” when asked by host Patrick Masbourian whether he would ensure the next candidate is fluent in both English and French. According to the broadcaster, Carney did not provide details on potential candidates. The current governor general, Mary Simon, speaks English and Inuktitut but has faced criticism for not being fluent in French. Her 2021 appointment drew more than 1,300 compl

vancouver-police-seek-witnesses-after-fairview-hit-and-run-leaves-pedestrian-seriously-injured

Vancouver police seek witnesses after Fairview hit-and-run leaves pedestrian seriously injured

Vancouver police are asking for witnesses and dash-cam footage following a hit-and-run collision in the city’s Fairview neighbourhood that left a pedestrian with serious injuries. According to a Vancouver Police Department release, a 68-year-old man was crossing at Oak Street and West 6th Avenue shortly after 9:15 a.m. on April 8 when he was struck by a white GMC Yukon, believed to be a 2007 to 2014 model. The driver did not remain at the scene and was last seen travelling southbound on Oak Street through West 7th Avenue toward West Broadway. Police say the man was taken to hospital with lif

AlbertaApr 10, 2026

Calgary Stampede chuckwagon tarp auction raises record $6.1M ahead of 2026 festival

The Calgary Stampede’s annual chuckwagon tarp auction generated a record $6.1 million in sponsorship bids, according to event organizers, marking a significant increase of about $2 million from the previous year. The funds secure advertising partnerships for 27 drivers competing in the Rangeland Derby, one of the festival’s signature events. This year’s Calgary Stampede is scheduled to begin July 3. The highest bid reached $550,000, placed by Bar L5 Ranch for driver Rae Croteau Jr., organizers said following the Thursday evening auction. The annual auction allows corporate sponsors, many

b-c-school-shooting-victim-to-receive-specialized-treatment-in-los-angeles-mother-says

B.C. school shooting victim to receive specialized treatment in Los Angeles, mother says

A 12-year-old girl injured in a school shooting in Tumbler Ridge is expected to travel to Los Angeles for specialized medical treatment, according to her mother. In a public Facebook post, Cia Edmonds said her daughter, Maya Gebala, has been released from intensive care at BC Children’s Hospital and is now “seemingly stable.” Maya had been receiving treatment there after suffering multiple injuries, including a gunshot wound to the head, during a mass shooting at her school in February. According to Edmonds, the next stage of care will involve what she described as an “aggressive appro

Related News

Carney says next governor general will be bilingual in English and French

Carney says next governor general will be bilingual in English and French

Prime Minister Mark Carney says Canada’s next governor general will speak both of the country’s official languages, committing to a bilingual appointment when the current term ends. Carney responded “absolutely” when asked by host Patrick Masbourian whether he would ensure the next candidate is fluent in both English and French. According to the broadcaster, Carney did not provide details on potential candidates. The current governor general, Mary Simon, speaks English and Inuktitut but has faced criticism for not being fluent in French. Her 2021 appointment drew more than 1,300 compl

StatCan to publish March jobs data after labour market's rough start to 2026

StatCan to publish March jobs data after labour market's rough start to 2026

Statistics Canada is set to release its March labour force survey Friday, offering the latest snapshot of Canada’s job market after a sharp slowdown at the start of the year. According to a Reuters poll of economists, the economy is expected to have added 15,000 jobs in March. That would follow losses totalling more than 100,000 positions in January and February combined, based on previous labour force data. The same poll projects the national unemployment rate will edge up to 6.8 per cent. Economists at RBC, however, expect the rate to hold at 6.7 per cent, citing modest hiring conditions t

Environment Canada to introduce AI-driven hybrid model for weather forecasting

Environment Canada to introduce AI-driven hybrid model for weather forecasting

Environment and Climate Change Canada says it plans to incorporate artificial intelligence into its national weather forecasting system, combining it with traditional models to improve accuracy and speed. According to the federal department, the new hybrid model will analyze decades of historical weather data across North America within minutes, allowing forecasters to generate more precise predictions. Officials say the system is designed to address limitations in standalone AI models by retaining small-scale atmospheric details through conventional forecasting methods. Environment Canada say

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

BC Children's Hospital