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

Three in four Canadians say higher immigration is worsening housing crisis: poll

A large majority of Canadians agree that higher immigration is fuelling the housing crisis and putting pressure on the health-care system, a new Leger poll suggests. New federal voting intention numbers from the polling firm also show that the Conservatives are maintaining their sizable lead over the governing Liberals.

Three in four Canadians say higher immigration is worsening housing crisis: poll

Ottawa reaches deal with Google over controversial Online News Act

The federal Liberal government has reached a deal with Google over the Online News Act, following threats from the digital giant that it would remove news from its search platform in Canada. A government official confirmed that news to The Canadian Press under condition of anonymity, because they were not authorized to speak publicly about the deal.

Ottawa reaches deal with Google over controversial Online News Act

Thick fog blankets Metro Vancouver

Environment Canada says thick fog is leading to near-zero visibility throughout the Metro Vancouver area. A blanket of fog has hung over the Lower Mainland since Sunday.

Thick fog blankets Metro Vancouver

B.C. growth forecast drops to one per cent for 2023, but deficit projection improves

British Columbia's economy is forecast to grow one per cent in 2023, a drop from the 1.2 per cent predicted earlier by the Ministry of Finance. The ministry's second quarterly report also forecasts slower economic growth for next year of 0.7 per cent.

B.C. growth forecast drops to one per cent for 2023, but deficit projection improves

Pilot dies in small plane crash in B.C.'s East Kootenay region, RCMP say

RCMP say the pilot of a plane is dead after it crashed in British Columbia's East Kootenay region on Friday. Columbia Valley RCMP say in a news release that they received a report of a small plane crashing on the Bugaboo side of the valley on Friday afternoon.

Pilot dies in small plane crash in B.C.'s East Kootenay region, RCMP say

Two teens dead in Quesnel crash

Two 17-year-olds have died in a crash 13 kilometres east of Quesnel. A statement from Quesnel R-C-M-P say the youths -- a male and female --died early Sunday morning.