Skip to Main content

13.78°^C Vancouver

News Entertainment Sports Videos Shows Podcast Contact Us

Apr 4, 2024 3:47 PM - The Canadian Press

Federal government to launch $1.5B fund to protect affordable rentals

Share On

federal-government-to-launch-1-5b-fund-to-protect-affordable-rentals

Trudeau says the fund will provide $1 billion in loans and $470 million in contributions to non-profits and other partners to help them acquire affordable rental units.

Prime Minister Justin Trudeau says a new $1.5-billion housing fund will help non-profit organizations acquire more rental units across Canada and make sure they remain affordable.

The new Canada Rental Protection Fund will be included in the upcoming federal budget, to be tabled on April 16.

Trudeau says the fund will provide $1 billion in loans and $470 million in contributions to non-profits and other partners to help them acquire affordable rental units.

Today's announcement is the latest in a series of new housing measures unveiled by the Liberal government in its campaign-style pre-budget tour across the country.

Protecting and expanding the country's rental stock has been a particular focus in recent months as Canadians face skyrocketing rents.

Advocates in the social housing and non-profit space have been calling for a mechanism to help them buy up affordable rentals that might otherwise be sold off to investors.

Latest news

CanadaJul 02, 2026

U.S. declines to extend CUSMA in current form, annual reviews likely

The United States has declined to extend the Canada–United States–Mexico Agreement (CUSMA) in its current form, a move that could subject the continental trade pact to annual reviews and renewed negotiations. The announcement was made Wednesday by U.S. Trade Representative Jamieson Greer following a virtual meeting with Canadian Trade Minister Dominic LeBlanc and Mexico's Economy Secretary Marcelo Ebrard. According to the U.S. Trade Representative, the decision reflects concerns over shortcomings in the agreement and the United States' trade deficit. Under the agreement's existing terms, C

modi-iranian-president-pezeshkian-discuss-west-asia-situation-in-phone-call

IndiaJun 30, 2026

Modi, Iranian President Pezeshkian discuss West Asia situation in phone call

Indian Prime Minister Narendra Modi spoke by telephone with Iranian President Masoud Pezeshkian on Tuesday, with the two leaders discussing the latest developments in West Asia and possible paths forward in the region. According to the Government of India, Pezeshkian briefed Modi on recent developments and the current situation in the region.During the conversation, Modi welcomed progress between Iran and the United States and reiterated India's long-standing position that all issues should be resolved through dialogue and diplomacy. India has consistently advocated for peace and stability in

alberta-to-unveil-next-phase-of-proposed-west-coast-oil-pipeline-on-july-2

AlbertaJun 30, 2026

Alberta to unveil next phase of proposed West Coast oil pipeline on July 2

Alberta Premier Danielle Smith is expected to announce new details Thursday about a proposed oil pipeline that would transport crude from Alberta to Canada's West Coast. Samuel Blackett, the premier's press secretary, confirmed Monday that Smith will outline the next steps for the project, which is being proposed with a capacity of one million barrels of oil per day. The proposal falls under an Energy Memorandum of Understanding (MOU) reached last year between the Alberta and federal governments. Under the agreement, the province had until July 1 to submit its proposal to the Major Projects Of

immigration-department-says-unclear-guidance-led-to-recall-of-some-citizenship-certificates

CanadaJun 30, 2026

Immigration department says unclear guidance led to recall of some citizenship certificates

Immigration, Refugees and Citizenship Canada says unclear departmental guidance on applications for citizenship by descent may have resulted in some people receiving proof of Canadian citizenship without sufficient supporting evidence. The department said 100 people were asked to surrender their citizenship certificates after a routine review identified cases issued under Bill C-3 that had "potentially insufficient supporting documentation." The explanation and the number of affected cases were released 17 days after the initial notices were sent to certificate holders. Federal officials said

carney-to-attend-nato-summit-in-turkey-then-visit-saudi-arabia-for-trade-talks

CanadaJun 30, 2026

Carney to attend NATO summit in Turkey, then visit Saudi Arabia for trade talks

Prime Minister Mark Carney will travel to Turkey next week to attend the NATO summit before making an official visit to Saudi Arabia, marking his first trips to both countries as prime minister. NATO leaders are scheduled to meet in Ankara on July 7 and 8 as alliance members discuss increased defence spending and plans to meet a target of spending five per cent of gross domestic product on defence and security by 2035. The benchmark follows years of pressure from the United States for member countries to increase military spending. According to the Prime Minister's Office, Carney has been urgi

Related News

U.S. declines to extend CUSMA in current form, annual reviews likely

U.S. declines to extend CUSMA in current form, annual reviews likely

The United States has declined to extend the Canada–United States–Mexico Agreement (CUSMA) in its current form, a move that could subject the continental trade pact to annual reviews and renewed negotiations. The announcement was made Wednesday by U.S. Trade Representative Jamieson Greer following a virtual meeting with Canadian Trade Minister Dominic LeBlanc and Mexico's Economy Secretary Marcelo Ebrard. According to the U.S. Trade Representative, the decision reflects concerns over shortcomings in the agreement and the United States' trade deficit. Under the agreement's existing terms, C

Immigration department says unclear guidance led to recall of some citizenship certificates

Immigration department says unclear guidance led to recall of some citizenship certificates

Immigration, Refugees and Citizenship Canada says unclear departmental guidance on applications for citizenship by descent may have resulted in some people receiving proof of Canadian citizenship without sufficient supporting evidence. The department said 100 people were asked to surrender their citizenship certificates after a routine review identified cases issued under Bill C-3 that had "potentially insufficient supporting documentation." The explanation and the number of affected cases were released 17 days after the initial notices were sent to certificate holders. Federal officials said

Carney to attend NATO summit in Turkey, then visit Saudi Arabia for trade talks

Carney to attend NATO summit in Turkey, then visit Saudi Arabia for trade talks

Prime Minister Mark Carney will travel to Turkey next week to attend the NATO summit before making an official visit to Saudi Arabia, marking his first trips to both countries as prime minister. NATO leaders are scheduled to meet in Ankara on July 7 and 8 as alliance members discuss increased defence spending and plans to meet a target of spending five per cent of gross domestic product on defence and security by 2035. The benchmark follows years of pressure from the United States for member countries to increase military spending. According to the Prime Minister's Office, Carney has been urgi

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

Broadcasting Notice of Consultation

BC Children's Hospital