Skip to Main content

18.09°^C Vancouver

News Entertainment Sports Videos Shows Podcast Contact Us

Jan 29, 2024 6:14 PM - The Canadian Press

Ottawa to offer universities, colleges low-cost loans to build new student housing

Share On

ottawa-to-offer-universities-colleges-low-cost-loans-to-build-new-student-housing

The Apartment Construction Loan Program was topped up with an additional $15 billion this fall, bringing the total funding available to $40 billion. (Photo: The Canadian Press)

Housing Minister Sean Fraser says post-secondary institutions will be able to apply for low-interest loans to build student housing starting this fall.

Post-secondary institutions will have access to a pre-existing program that offers developers low-cost financing to build rental apartments.

The Apartment Construction Loan Program was topped up with an additional $15 billion this fall, bringing the total funding available to $40 billion.

Fraser is making the announcement today alongside other cabinet ministers as the House of Commons returns after a winter break.

The announcement comes as the federal government grapples with a ballooning international student program that has added strain to local housing markets.

Last week, the federal government announced a two-year cap on international student enrolments that would reduce the number of new permits approved this year by 35 per cent.

Latest news

AlbertaJun 11, 2026

No Active Recall Petitions Remain Against Alberta MLAs

The last remaining recall petitions aimed at removing members of the Alberta legislature have been dismissed. It marks the first time since October that there are no active recall campaigns seeking to unseat Alberta politicians. Elections Alberta says petitions targeting Opposition NDP MLA Marie Renaud and former United Conservative cabinet minister Peter Guthrie have both come to an end. According to the agency, the petition against Renaud was withdrawn, while the campaign against Guthrie was declared invalid after no documents were submitted by Wednesday’s deadline. Under Alberta’s recal

toronto-police-officer-dies-after-being-shot-during-search-warrant-execution-in-north-york

CanadaJun 11, 2026

Toronto Police Officer Dies After Being Shot During Search Warrant Execution in North York

A Toronto police officer who was critically injured after being shot during the execution of a search warrant at a North York apartment early Thursday has died in hospital. Toronto Police Chief Myron Demkiw confirmed that the fallen officer has been identified as 43-year-old Const. Marc Pinizzotto. Pinizzotto is the second Ontario police officer to die in the line of duty this week. On Tuesday, Const. Tarun Bali was killed after being struck by a vehicle driven by a suspect who had fled from a hospital. Chief Demkiw said officers were at the residential apartment as part of an investigation l

former-akal-takht-jathedar-records-statement-before-sit-in-behbal-kalan-firing-case

IndiaJun 11, 2026

Former Akal Takht Jathedar Records Statement Before SIT in Behbal Kalan Firing Case

Former Akal Takht Jathedar Giani Raghbir Singh appeared before the Special Investigation Team (SIT) on Thursday and recorded his statement in connection with the Behbal Kalan firing case. According to Giani Raghbir Singh, Shiromani Akali Dal president and former Punjab deputy chief minister Sukhbir Singh Badal had accepted responsibility related to the Behbal Kalan firing incident during a public appearance before the Akal Takht Sahib. He said the statement was made openly in the presence of the Sikh temporal authority. Raghbir Singh further stated that the proceedings were video recorded and

CanadaJun 11, 2026

Most Crime Guns Traced in Canada Originated Domestically, RCMP Internal Reports Show

Most firearms linked to criminal activity in Canada during 2023 and 2024 were obtained within the country rather than smuggled from abroad, according to RCMP internal reports. The reports indicate that nearly all traced long guns and handguns were either legally purchased in Canada before being diverted to criminal use or were reported stolen. The findings are based on firearm tracing data collected by the RCMP. According to the reports, investigators completed examinations of 6,951 firearms in 2024. Of those, 4,197 were identified as having been used in criminal activity. Authorities were abl

proposed-safe-social-media-act-would-restrict-access-for-children-under-16

CanadaJun 11, 2026

Proposed Safe Social Media Act would restrict access for children under 16

The federal government introduced the Safe Social Media Act on Wednesday, proposing to prohibit children under the age of 16 from using social media platforms and imposing significant penalties on companies that fail to comply. Under the proposed legislation, companies found in violation of the rules could face fines of up to three per cent of their total global revenue. According to the federal government, the measure is intended to strengthen online protections for young people and reduce their exposure to harmful digital content. The bill was introduced amid ongoing discussions about child

Related News

Toronto Police Officer Dies After Being Shot During Search Warrant Execution in North York

Toronto Police Officer Dies After Being Shot During Search Warrant Execution in North York

A Toronto police officer who was critically injured after being shot during the execution of a search warrant at a North York apartment early Thursday has died in hospital. Toronto Police Chief Myron Demkiw confirmed that the fallen officer has been identified as 43-year-old Const. Marc Pinizzotto. Pinizzotto is the second Ontario police officer to die in the line of duty this week. On Tuesday, Const. Tarun Bali was killed after being struck by a vehicle driven by a suspect who had fled from a hospital. Chief Demkiw said officers were at the residential apartment as part of an investigation l

Most Crime Guns Traced in Canada Originated Domestically, RCMP Internal Reports Show

Most Crime Guns Traced in Canada Originated Domestically, RCMP Internal Reports Show

Most firearms linked to criminal activity in Canada during 2023 and 2024 were obtained within the country rather than smuggled from abroad, according to RCMP internal reports. The reports indicate that nearly all traced long guns and handguns were either legally purchased in Canada before being diverted to criminal use or were reported stolen. The findings are based on firearm tracing data collected by the RCMP. According to the reports, investigators completed examinations of 6,951 firearms in 2024. Of those, 4,197 were identified as having been used in criminal activity. Authorities were abl

Proposed Safe Social Media Act would restrict access for children under 16

Proposed Safe Social Media Act would restrict access for children under 16

The federal government introduced the Safe Social Media Act on Wednesday, proposing to prohibit children under the age of 16 from using social media platforms and imposing significant penalties on companies that fail to comply. Under the proposed legislation, companies found in violation of the rules could face fines of up to three per cent of their total global revenue. According to the federal government, the measure is intended to strengthen online protections for young people and reduce their exposure to harmful digital content. The bill was introduced amid ongoing discussions about child

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

Broadcasting Notice of Consultation

BC Children's Hospital