Department of Finance Canada announced more than $162 million to support asylum claimants and low-income renters in Toronto.
Unlocking $20 billion in new financing to build 30,000 more rental apartments per year by increasing the annual limit for Canada Mortgage Bonds from $40 billion to up to $60 billion;.
The new Tax-Free First Home Savings Account, which is a registered savings account that allows Canadians to contribute up to $8,000 per year (up to a lifetime limit of $40,000) for their first down payment; and,.
The federal government will deliver a $19.75 million top-up to the City of Toronto's share of the Canada-Ontario Housing Benefit.
For renters and municipalities, public funding and financing can affect how quickly affordable or purpose-built rental homes are added.
Allocating nearly $4 billion towards the government's goal of ending chronic homelessness, through Reaching Home, Canada's Homelessness Strategy.