FEDS HAVE PLAN TO TACKLE HOUSING CRISIS IN 2024

Dec 29, 2023

By Angus Gillespie

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Federal Housing Minister Sean Fraser says Canadians can expect to see a full plan from the federal government in 2024 that lays out how it will tackle the housing crisis.

The plan would build on the housing policies recently announced by the Liberals, which include eliminating GST charges on rental developments, increasing the amount of low-cost financing available to developers and launching consultations for a catalogue of pre-approved home blueprints that would speed up approvals for projects.

Fraser has also been travelling the country to sign agreements with municipalities as part of the housing accelerator fund, a program that offers federal dollars in exchange for changes to bylaws and regulations that would boost home construction.

Statistics Canada recently said the population grew by more than 430-thousand during the third quarter, mostly because of temporary residents. Thats the fastest growth since 1957.

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