The federal government will provide $1.2 billion worth of fully repayable low-interest loans to help build more than 2,600 rental homes in Toronto. The loans will be provided to seven projects in the city through the federal Rental Construction Financing Initiative and will create a total of 2,644 rental homes. The program aims to incentivize the development of purpose-built rental through low-interest loans and is expected to create 71,000 new rental housing units across Canada by 2027-28.
The federal government said Tuesday that it will help build more than 2,600 rental homes in Toronto by providing $1.2 billion worth of fully repayable low-interest loans. The loans will be provided to seven projects in the city through the federal Rental Construction Financing Initiative and will help build a total of 2,644 rental homes . “These new homes will be located close to transit, work, and school.
Homes for people getting started in their careers, homes for people raising a family, and homes that people of all ages will be proud to call their own,” Finance Minister Chrystia Freeland told reporters at the announcement in Toronto Tuesday. The federal government says the program, which incentivizes the development of purpose-built rental through low-interest loans, will create 71,000 new rental housing units across Canada by 2027 -28. Freeland hailed the initiative as “an investment in the city of Toronto, and in the people who rent homes in this great cit
Government Loans Rental Homes Toronto Low-Interest Financing Initiative Purpose-Built Housing
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Péladeau to deliver speech at Canadian Club of Toronto on Nov. 14The Hill Times
Lire la suite »
Canadian Rent Growth Slows, Toronto Market SoftensCanadian rent growth slowed slightly last month, but rental market experts are attributing at least some of that moderation to “seasonal factors.” In Toronto, however, the market continues to soften, with rents seeing a year-over-year dip for the first time since August 2021.
Lire la suite »
Royal Canadian Mint Unveils New King Design for Canadian CoinsThe Royal Canadian Mint in Winnipeg is set to showcase its model of the King that will appear on one side of all Canadian coins. The mint said a small amount of 2023-dated coins with the King are to circulate in early December.
Lire la suite »
B.C. Housing Minister Warns Against Short-Term Rental ScamsB.C. housing minister advises people not to participate in short-term rental scams as the province moves to increase housing stock. A Vancouver-based rental management company offered $500 to change driver's license addresses, bypassing new rules. Ravi Kahlon warns against assisting 'desperate scammers.'
Lire la suite »
At least 439 short-term rental listings in Greater SudburyThe city is moving toward regulating short-term residential rental units, the majority of which listed on Airbnb
Lire la suite »
Canadian women top Puerto Rico to close Olympic pre-qualifying tournament undefeatedMEDELLÍN, Colombia — Natalie Achonwa scored a team-high 16 points in leading Canada to a 77-68 win over Puerto Rico on Sunday in FIBA Women's Olympic Pre-Qualifying Tournament action.
Lire la suite »