Close X
Tuesday, November 26, 2024
ADVT 
National

PM promises cities help to lower housing costs

Darpan News Desk The Canadian Press, 01 Jun, 2021 09:47 AM
  • PM promises cities help to lower housing costs

Prime Minister Justin Trudeau is promising municipal leaders federal backing and resources toward efforts to address the high cost of housing that he says is creating a crisis for young and middle-class families.

The cost of housing has risen across the country driven by a mix of low interest rates and demand outstripping supply as Canadians working from home look for more space.

Trudeau says the result is that the cost of owning a home is too far out of reach for too many people in Canada's largest cities, noting it can take 280 months for an average family to save for a down payment in a place like Toronto.

Speaking to the Federation of Canadian Municipalities today, Trudeau says his government would look for ways to change the situation beyond what the Liberals have already laid out.

He notes the federal government alone can't cool housing costs, saying the levers exist at all levels of government.

Trudeau says the Liberals will reach out to provinces and territories to find solutions to ease concerns around housing affordability.

 

MORE National ARTICLES

U.S. border agency says COVID vax not essential

U.S. border agency says COVID vax not essential
Canadians attempting to drive across the American border solely for a COVID-19 vaccination, even with a doctor's referral, would be denied entry, the U.S. border agency said on Wednesday. Unlike the Canadian government, Customs and Border Protection said it does not consider a vaccine essential for entry purposes.

U.S. border agency says COVID vax not essential

NDP plan to slash student debt would cost $4B: PBO

NDP plan to slash student debt would cost $4B: PBO
The New Democrats' campaign-style pledge this spring promised to cancel up to $20,000 in tuition, freeze loan payments through July 2022 and scrap interest payments, among other measures.

NDP plan to slash student debt would cost $4B: PBO

Parks Canada adapts to COVID-19 as camping starts

Parks Canada adapts to COVID-19 as camping starts
Parks have brought in some of their own measures as well to try to keep campers safe while enjoying the outdoors. "There will be, in different parks, different kinds of services," Wilkinson said.

Parks Canada adapts to COVID-19 as camping starts

$50M fund to support B.C. anchor attractions

$50M fund to support B.C. anchor attractions
Premier John Horgan and Tourism Minister Melanie Mark said they believe the $50-million BC Major Anchor Attractions Program is enough to prevent any of those not-for-profits and businesses on the edge from going under.

$50M fund to support B.C. anchor attractions

B.C. Mounties say homicide victims were brothers

B.C. Mounties say homicide victims were brothers
The RCMP say they are releasing the names of 29-year-old Erick Fryer and 31-year-old Carlos Fryer in an effort to help their investigation. They say the bodies of the two men from Kamloops, B.C., were found by a couple walking in a remote area around Naramata Creek north of Penticton.

B.C. Mounties say homicide victims were brothers

B.C. may accelerate delivery of second doses

B.C. may accelerate delivery of second doses
In a statement, the province says with a large and steady vaccine supply after most people have had their first jab, officials will be able to consider how they might be able to accelerate the delivery of second shots.

B.C. may accelerate delivery of second doses