kEiThZ
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Freeland out to announce on behalf of the Feds, that CMHC will back an additional 20B in mortgages each year, with low-interest loans, these funds to be used to finance purpose-built rental, seniors housing and student housing.
Government of Canada unlocking $20 billion in new financing to build 30,000 more apartments per year - Canada.ca
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced that the annual limit for Canada Mortgage Bonds is being increased from $40 billion to up to $60 billion. This change is the next step in the government’s plan to build more homes, faster, and will...www.canada.ca
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@HousingNowTO will make note of this and dutifully ensure Abi Bond is all over it too!
Good policy. But also too little, too late. Especially when they keep immigration (especially non-permanent residents) elevated. None of these policies will be able to deliver a single unit that wasn't already planned, before 2025. I guess the CPC will enjoy taking credit for the fruits of these programs.