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Placeline/People

City Ottawa

State Province Ontario

Country Canada

Feds unlock extra $20 billion for rental construction financing

The federal government is unlocking another $20 billion in low-cost financing for the construction of rental housing across Canada, Finance Minister Chrystia Freeland announced Tuesday. The annual limit on the Canada Mortgage Bonds program, which raises funds for residential mortgage financing, is increasing to $60 billion to spur rental construction. (Sept. 26, 2023)

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Unique identifier: CP168478161

Legacy Identifier: n_Housing-Policy20230926T1530

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Create Date: 9/26/2023 3:30:00 PM

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