Skip to Main content

6.77°^C Vancouver

News Entertainment 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

canadas-november-jobs-report-to-offer-final-economic-signal-ahead-of-next-bank-of-canada-rate-decision

CanadaDec 05, 2025

Canada’s November jobs report to offer final economic signal ahead of next Bank of Canada rate decision

Statistics Canada is expected to release its November employment report this morning, providing the last major economic indicator before the Bank of Canada delivers its final interest rate decision of the year next week. Economists say the data will help shape expectations about whether the central bank sees enough evidence of a cooling economy to justify future rate cuts. A survey of economists conducted by Reuters suggested the national unemployment rate likely rose to seven per cent in November, with a modest loss of about 5,000 jobs. Analysts at Royal Bank, however, anticipate the jobless

Suspect Arrested After Overnight Window-Smashing in North Vancouver

Police in North Vancouver have arrested a man following an early-morning incident in which multiple business windows were smashed. North Vancouver RCMP received a call just before 5:00 a.m. on December 4 about a man breaking windows at businesses in the Park and Tilford business centre at 333 Brooksbank Avenue. Officers quickly responded and apprehended a suspect on the premises. Authorities allege the man used a modified hockey stick to smash the front windows of around six businesses. No items were reported stolen, and no one was injured during the spree. The suspect remains in custody and f

richmond-rcmp-warns-public-of-rising-distraction-thefts-targeting-jewelry

Richmond RCMP warns public of rising distraction thefts targeting jewelry

Richmond RCMP is alerting residents after a series of distraction-theft incidents reported between late September and November 2025. Police say suspects used a range of tactics to divert victims’ attention, often resulting in stolen jewelry. The thefts took place in both public areas and residential neighbourhoods across Richmond. The incidents predominantly targeted older adults, though one youth was also affected. Suspects, frequently travelling in SUVs or sedans, used approaches such as unsolicited hugs, fake jewelry exchanges, or emotional stories to trick victims. Stolen items reported

new-westminster-police-ask-for-public-help-to-find-missing-surrey-man

New Westminster Police ask for public help to find missing Surrey man

The New Westminster Police Department is asking residents across the region, particularly in Surrey, to help locate 24-year-old Rajvir, who has been reported missing after he was last seen at Surrey Memorial Hospital. Police say the young man is known to spend time in Surrey and may be travelling on public transit. Investigators describe Rajvir as 5 feet 7 inches tall with a slim build, dark brown hair, a beard, and brown eyes. He also has a tattoo on his left forearm. Officers are concerned for his well-being, noting that he may appear disoriented and could require immediate assistance. Serge

putin-arrives-in-india-for-first-visit-since-russia-ukraine-conflict-began

IndiaDec 04, 2025

Putin Arrives in New Delhi for Two-Day Visit Focused on Trade and Security Talks

Russian President Vladimir Putin has arrived in India for a two-day official visit that New Delhi says will centre on trade, defence co-operation and broader geopolitical issues. Indian Prime Minister Narendra Modi personally received Putin at Palam Air Force Station and accompanied him to the prime minister’s residence, a gesture Indian officials described as a sign of the long-standing bilateral relationship. The visit comes ahead of the 23rd India–Russia annual summit scheduled for Friday, where both sides are expected to review defence procurement, energy collaboration and efforts to s

Related News

Canada’s November jobs report to offer final economic signal ahead of next Bank of Canada rate decision

Canada’s November jobs report to offer final economic signal ahead of next Bank of Canada rate decision

Statistics Canada is expected to release its November employment report this morning, providing the last major economic indicator before the Bank of Canada delivers its final interest rate decision of the year next week. Economists say the data will help shape expectations about whether the central bank sees enough evidence of a cooling economy to justify future rate cuts. A survey of economists conducted by Reuters suggested the national unemployment rate likely rose to seven per cent in November, with a modest loss of about 5,000 jobs. Analysts at Royal Bank, however, anticipate the jobless

John Rustad steps down as B.C. Conservative leader after caucus revolt

John Rustad steps down as B.C. Conservative leader after caucus revolt

John Rustad has resigned as leader of the Conservative Party of B.C., ending a tense standoff that unfolded over the past two days between him, his caucus and the party’s executive. His departure comes less than 24 hours after he publicly rejected calls to quit, insisting he still held the mandate to lead. In a written statement released today, Rustad said the internal dispute was not the result of a hostile takeover by former BC Liberal members, responding to concerns raised by some supporters after last year’s political realignment that saw several MLAs cross over to the Conservatives. H

Carney set to meet Trump and Sheinbaum during World Cup draw events in Washington

Carney set to meet Trump and Sheinbaum during World Cup draw events in Washington

Prime Minister Mark Carney is expected to hold short, separate discussions with U.S. President Donald Trump and Mexican President Claudia Sheinbaum on Friday as all three leaders gather in Washington for the FIFA World Cup draw. The Prime Minister’s Office confirmed a brief encounter with Trump at the Kennedy Center. The schedule coincides with preparations for the 2026 World Cup, jointly hosted by Canada, the United States, and Mexico. While Carney had previously suggested he would likely “see the president around there,” Friday’s interactions mark the first direct contact between the

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

BC Children's Hospital