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Trudeau makes housing announcement ahead of 2024 federal budget | LIVE

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Prime Minister Justin Trudeau will make a housing announcement in Vancouver, B.C., on Wednesday ahead of the 2024 Federal Budget. He will be joined by Minister of Finance Chrystia Freeland, and Minister of Emergency Preparedness Harjit S. Sajjan.

Canada’s federal budget, due next month, is likely to allocate billions of dollars for investing in building homes and low-cost housing programs, Housing Minister Sean Fraser said last week.

Canada faces a housing affordability crisis as a rapidly increasing immigrant population has far outpaced the number of available homes. Stubbornly high inflation and interest rates at their highest in 22 years have also driven up rent and mortgage costs.

“I don’t want to necessarily preview what’s going to be revealed in the upcoming federal budget, but there needs to be very substantial investments (for housing),” Fraser told the media on the sidelines of a housing conference in Ottawa.

For more info, please go to https://globalnews.ca/news/10368010/canada-housing-budget-2024/

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