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

Criminal use of cryptocurrency expected to grow, Canada's financial intel agency says

Canada's financial intelligence agency says it expects to see criminals increase their use of cryptocurrency to raise, move and hide funds outside the traditional banking system. In its newly released annual report, the Financial Transactions and Reports Analysis Centre of Canada notes it has been developing strategic intelligence on the role virtual assets play in money laundering and terrorist financing.

Criminal use of cryptocurrency expected to grow, Canada's financial intel agency says

17 year old arrested in Vancouver robbery near Skytrain station

Police in Vancouver say they have arrested a 17-year-old suspect who's accused of robbing a man near a SkyTrain station it what was supposed to be a transaction set up through Facebook Marketplace. They say the suspect was arrested Saturday after the victim's friend, who was there during the robbery, noted the buyer's vehicle which helped police make an arrest.

17 year old arrested in Vancouver robbery near Skytrain station

Vancouver home sales rise in November as newly listed properties add to supply

The board says November home sales totalled 1,702, a 4.7 per cent increase from the same month last year, though it marked a slowdown from the prior month of October. The total was 33 per cent below the 10-year seasonal average of 2,538 for November. There were 3,369 new listings of detached, attached and apartment properties last month, a 9.8 per cent increase from a year earlier, as new listings were 2.8 per cent below the 10-year seasonal average.

Vancouver home sales rise in November as newly listed properties add to supply

4 Indian-origin men sought in connection with aggravated assault in Canada

Police have sought public assistance in locating four Indian-origin men, aged between 22-30 years, in connection with an aggravated assault that took place in Canadian city of Brampton. Aftaab Gill (22), Harmandeep Singh (22), Jatinder Singh (25) and Satnam Singh (30) assaulted a victim in the area of McLaughlin Road and Ray Lawson Boulevard on September 8.

4 Indian-origin men sought in connection with aggravated assault in Canada

RCMP believe fatal shooting at gas station happened after dispute at pumps escalated

RCMP in Alberta say they believe a fatal shooting at a gas station happened after a dispute at the pumps escalated. Police say members from their detachment in Rocky Mountain House were called to the Sunchild First Nation Gas Station shortly before 8:30 on Sunday morning.

RCMP believe fatal shooting at gas station happened after dispute at pumps escalated

Fatal shooting by Edmonton police officer investigated by review agency

Alberta's law enforcement review agency is investigating the fatal shooting of a man by an Edmonton police officer. At about 8:30 p.m. Sunday, police were sent to an area northeast of the city's downtown in response to reports of a man with a knife approaching people.