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Government of Canada will present mini budget tomorrow
BY The Canadian Press, Nov 20, 2023 7:34 PM - REPORT AN ERROR
Finance Minister Chrystia Freeland is set to table the fall economic statement on Tuesday (photo :The Canadian Press )
Finance Minister Chrystia Freeland is set to table the fall economic statement on Tuesday, and she has already signalled that both issues will be front and centre.On housing, Freeland has previously indicated the government is looking at making more public land available and trying to address the strain short-term rentals are putting on supply
.But she's remained relatively tight-lipped on other specifics expected in the update, and has indicated the government "won't be able to do everything" due to limited funds.
According to sources, the new measures will include a $15 billion loan over 10 years to build rental housing and a dedicated $1-billion fund for affordable housing. Lending facility to builders Canadathrough the Mortgage and Housing Corporation. In addition, changes in mortgage regulations can be made to provide relief to home owners facing risk.
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