Canada to spend $13bn on housing for vulnerable

Canadians with developmental disabilities, low-income seniors and women fleeing domestic violence are to benefit from a home-building drive enabled by a CAN$13.2bn (US$10.3bn) fund launched in Toronto yesterday.

The government of Prime Minister Justin Trudeau wants 60,000 new, affordable housing units built and 240,000 more units refurbished for families in need over the next 10 years.

It is is the largest chunk of cash allocated under the governing Liberal Party’s $40bn national housing strategy unveiled last year.
Low-interest loans will make up most of the fund, at $8.7bn, with $4.5bn given away as grants, reports broadcaster CBC.

Officials will prioritise projects that exceed accessibility and energy efficiency standards, and those that are advanced in planning enough to get construction started within months.

The minister in charge of the fund said the money would go where it was most needed.

Image: Mark Hryciw/Dreamstime

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  1. Sounds positive

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