Department of Finance Canada announced further housing measures connected to rental construction, municipal approvals, and first-home savings.
The 2023 Fall Economic Statement announced an additional $15 billion in low-cost loans for the Apartment Construction Loan Program and an additional $1 billion for the Affordable Housing Fund.
Through the $4 billion Housing Accelerator Fund, the federal government had signed 31 agreements with municipalities to reduce red tape and increase housing supply.
The release also said more than 500,000 Canadians had opened a Tax-Free First Home Savings Account.
For renters, buyers, and municipalities, the measures connect federal financing, municipal approvals, and registered-account savings to housing supply and affordability.
For renters and municipalities, public funding and financing can affect how quickly affordable or purpose-built rental homes are added.