@ Simon Shaikh
Every Canadian deserves a safe and affordable place to call home. To address high housing costs in Ontario and across the country, the Government of Canada continues to make smart investments in rental housing. These investments will help us build stronger communities, create jobs, and grow our middle class, while supporting vulnerable Canadians and helping end homelessness.
The Prime Minister, Justin Trudeau, today announced an investment of nearly $120 million to help build a new 26-storey multi-residential, energy-efficient building in Brampton, Ontario. This project will help over 300 local families find rental housing units.
A solid and reliable supply of rental housing is critical to ensuring that more Canadians have access to housing that is affordable and meets their needs. Today’s announcement is part of the Rental Construction Financing Initiative, which supports rental housing construction projects across the country by providing low-cost, insured loans to developers and municipalities in places where there is a need for additional rental housing units.
Since 2015, through programs like the First-Time Home Buyer Incentive and the Rapid Housing Initiative, the Government of Canada has helped more than one million Canadians have a safe and affordable place to call home. The government is committed to eliminating chronic homelessness in Canada and will continue working to grow the middle class, build back strong communities, and make life more affordable for Canadians.