Close X
    Monday, December 2, 2024
    ADVT 
    National

    $115 M funding deal could help build 40,000 homes in Vancouver over decade: Trudeau

    Darpan News Desk The Canadian Press, 15 Dec, 2023 02:27 PM
    • $115 M funding deal could help build 40,000 homes in Vancouver over decade: Trudeau

    Prime Minister Justin Trudeau has announced a $115 million federal funding deal with the City of Vancouver that he said could see more than 40,000 new homes built over the next decade.

    Trudeau said the deal would fast-track more than 3,200 new homes over the next three years.

    The announcement came on Friday after the Canada Mortgage and Housing Corp. said housing starts in Canada fell 22 per cent in November, with starts down 39 per cent in Vancouver.

    Fraser said of the Vancouver deal that the cash from the government's Housing Accelerator Fund would cut barriers to building homes and "incentivize changes" at the municipal level.

    Trudeau said the Vancouver deal would bring the total number of housing units "unlocked" by the accelerator fund to almost 300,000.

    "This is well over the initial 100,000 we'd hoped to unlock when we announced the accelerator fund back in 2022," Trudeau said at a construction site on Vancouver's Westside where rental units are being built with the help of low-interest loans from the CMHC.

    A news release from Trudeau's office said Vancouver would streamline rezoning and expand affordable rental programs, and the initiatives would "significantly improve the way housing is built" in the city.

    Sim said the deal was not a "symbolic gesture", but a collective commitment to providing more homes and finding solutions to housing challenges.

    He said he and his wife had bought a home 20 years ago in the neighbourhood where the announcement took place, and the homes that once stood on the construction site had accommodated about 30 people in six households.

    "We're gonna see hundreds of people that have homes (here) in the neighbourhood that our family loved," he said of the project, which the CMHC said involved 118 units.

    Sim called the new federal funding "incredibly generous."

    The Opposition Conservatives said in a news release that Trudeau's Liberal government was "failing to build anywhere near enough homes."

    The Conservatives pointed to the CMHC data, which said the monthly seasonally adjusted annual rate of housing starts in November came in at 212,624 units, down from 272,264 in October.

    "This massive decline in housing starts means the cost of rent or a mortgage will only go up for Canadians across the country," the statement said.

    Prev Next

    MORE National ARTICLES

    Hamas's attack on Israel: Two victims with Canadian ties laid to rest

    Hamas's attack on Israel: Two victims with Canadian ties laid to rest
    Two victims with ties to Canada who were killed in Hamas's attacks on Israel were remembered fondly by relatives on Wednesday, who called for the world to recognize the brutality of what happened. Tiferet Lapidot, 22, was formally identified by authorities on Monday, more than a week after she died at a music festival near the Gaza Strip border, where Hamas's attack began on Oct. 7. Her family had thought she was among those being held hostage.

    Hamas's attack on Israel: Two victims with Canadian ties laid to rest

    Burnaby homes gutted by fire

    Burnaby homes gutted by fire
    Four unoccupied homes have been badly damaged after an early morning fire in Burnaby.  Fire officials say that the homes were slated for demolition. Summers says they needed 42 firefighters and 11 trucks to knock down the blaze.

    Burnaby homes gutted by fire

    B.C. man, Mukhtiar Singh Panghali, who killed his pregnant wife in 2006 is granted full parole

    B.C. man, Mukhtiar Singh Panghali, who killed his pregnant wife in 2006 is granted full parole
    A British Columbia man who killed his pregnant wife and burned her body in 2006 has been granted full parole. Mukhtiar Singh Panghali, who's now 51 years old, was given a life sentence in 2011 for second-degree murder in the death of Manjit Panghali.

    B.C. man, Mukhtiar Singh Panghali, who killed his pregnant wife in 2006 is granted full parole

    RCMP say 12-year-old killed while biking to school in Pitt Meadows

    RCMP say 12-year-old killed while biking to school in Pitt Meadows
    Police in Metro Vancouver say a 12-year-old was hit and killed by a recycling truck while biking to school this week. The RCMP say they're investigating the collision that occurred at an intersection in Pitt Meadows, B.C., around 8:30 a.m. Tuesday. They say paramedics and Pitt Meadows firefighters tried to save the child's life, but the young victim was pronounced dead at the scene. 

    RCMP say 12-year-old killed while biking to school in Pitt Meadows

    First atmospheric river of fall deluges parts of B.C. south coast, southern Interior

    First atmospheric river of fall deluges parts of B.C. south coast, southern Interior
    Rainfall warnings cover most of Vancouver Island, as well as the Sunshine Coast, Howe Sound, Whistler and Metro Vancouver as Environment Canada pinpoints a firehose-like band pumping moisture from the subtropics directly at the B.C. coast. More than 200 millimetres of rain could fall along sections of western Vancouver Island, while 80 to 110 millimetres are forecast across the Howe Sound, Whistler and Sea-to-Sky regions before the storm is expected to ease late in the day.

    First atmospheric river of fall deluges parts of B.C. south coast, southern Interior

    Trudeau chides Smith for pension exit debate, promises to defend stability of CPP

    Trudeau chides Smith for pension exit debate, promises to defend stability of CPP
    Prime Minister Justin Trudeau entered the Alberta pension-exit debate Wednesday, saying the federal government will fight any threat to the stability of the Canada Pension Plan. In an open letter to Alberta Premier Danielle Smith, Trudeau also took her to task for launching the debate in the first place.  

    Trudeau chides Smith for pension exit debate, promises to defend stability of CPP

    PrevNext