Federal Finance Minister Chrystia Freeland says she stopped at a not too long ago constructed downtown Victoria rental condominium constructing Monday earlier than assembly with British Columbia Premier David Eby, the place housing was slated to prime the agenda.

Freeland says her cease on the 23-storey Hudson Home helped her spotlight Canada’s must construct extra houses expeditiously.

She says Hudson Home, constructed with $100 million from the federal authorities’s Residence Building Mortgage Program, gives rental flats to 245 households, and is a component of a bigger neighbourhood improvement of 950 houses throughout six buildings.

Freeland says housing will probably be a serious part of the federal authorities’s upcoming price range, on account of be tabled subsequent month.

The federal authorities not too long ago introduced it can make investments $2 billion within the B.C. New Democrat authorities’s not too long ago introduced BC Builds program to construct extra middle-income rental housing to assist firefighters, paramedics and law enforcement officials and others reside within the communities the place they work.

Freeland says the federal authorities is trying to incorporate among the authorities’s housing program throughout Canada.

“For me, it’s truly fairly easy,” she says in regards to the coming price range. “It’s housing, housing, housing. Provide, provide, provide, affordability, a powerful financial plan that delivers nice jobs and an actual give attention to youthful Canadians.”

READ ALSO: Victoria looking to ask province to delay new short-term rental rules

This report by The Canadian Press was first revealed March 11, 2024.


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