National

Federal government to give $471 million to Toronto in housing deal

Darpan News Desk The Canadian Press, 21 Dec, 2023 11:42 AM

The federal government says it will give Toronto nearly half a billion dollars in housing funding.

Prime Minister Justin Trudeau made the announcement in Toronto this morning, saying the city will receive $471 million from the federal Housing Accelerator Fund.

Live from Toronto: We’re announcing an agreement to build more homes, faster for Torontonians. Tune in here for the details: https://t.co/WC4qeoYmdQ
— Justin Trudeau (@JustinTrudeau) December 21, 2023

The $4-billion fund is a federal initiative to encourage municipalities to make changes to bylaws and regulations that would spur more housing construction, in exchange for more money.

Some of the changes Ottawa has pushed for include denser zoning and faster issuance of permits.

Housing Minister Sean Fraser, Toronto Mayor Olivia Chow and others were alongside Trudeau for the funding announcement.

Including the announcement today, Ottawa has reached deals with 16 municipalities across the country.

Prev Next

MORE National ARTICLES

Spike in COVID19 cases in BC

B-C is experiencing a spike in COVID-19 numbers, with cases, hospitalizations and deaths all up in recent weeks. The monthly report from the B-C Centre for Disease Control shows that 447 people tested positive for the virus between August 27th and September 2nd -- more than triple the 133 cases recorded in the first full week of last month.

Spike in COVID19 cases in BC

B.C.'s health minister warns high emergency medical care demand may be 'new normal'

Dix was meeting doctors and officials at Surrey Memorial Hospital this morning to update them on expanding the facility's emergency capacity, after complaints this year from workers that they lack resources to cope with the large number of incoming patients.

B.C.'s health minister warns high emergency medical care demand may be 'new normal'

7500 dollar Rolex stolen

Burnaby R-C-M-P are asking for the public’s help to identify a suspect who allegedly stole a 75-hundred dollar Rolex watch after setting up meetings on Facebook Marketplace. Police says the victim met the suspect in a Burnaby mall on September 1st to sell a Rolex but the purchase wasn’t completed on that day.

7500 dollar Rolex stolen

Is hurricane Lee headed for Canada? The 'spaghetti models' can be misleading: expert

For residents of Canada's East Coast, some of the latest images showing the potential path northward for a rapidly intensifying hurricane Lee are disturbing. By combining multiple computer-generated forecasts, meteorologists have produced maps of the western Atlantic Ocean that suggest the powerful storm could slam into the Maritimes late next week.

Is hurricane Lee headed for Canada? The 'spaghetti models' can be misleading: expert

More ads coming as Conservatives plot path to make Poilievre the next prime minister

More than 2,000 Conservatives are in Quebec City for the party's convention, and will hear directly from Poilievre himself when he takes the stage Friday night. The mood at the convention is buoyant, following a number of polls that show the party with a considerable lead over the governing Liberals.

More ads coming as Conservatives plot path to make Poilievre the next prime minister

Trudeau to have pull-aside with Modi on sidelines of G20

The Canadian delegation sought a meeting with Modi during the annual meeting of the world's largest economies, but Sunday's 10-minute meeting wasn't confirmed until after Trudeau landed Friday in New Delhi. India, now the world's most populous country, is featured prominently in the Indo-Pacific, a region Canada is seeking to expand its trade reach and reduce the influence of China.