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The Liberal authorities says it has reached 179 housing agreements with municipalities that may assist construct 750,000 houses over the following decade.

Housing Minister Sean Fraser says the federal authorities has finalized all of its offers with municipalities through the $4-billion housing accelerator fund.

“The housing accelerator fund has led to the biggest up-zoning motion in Canadian historical past,” a authorities information launch stated.

It lauded “formidable housing reforms” in huge cities, small cities, rural areas and Indigenous communities.

This system supplied communities federal {dollars} in change for adjustments to bylaws and laws that might enhance dwelling building.

Consultants usually level out Canada’s housing scarcity is prompted partially by extreme crimson tape, gradual allowing processes and excessive growth charges on the municipal stage.

Ottawa says the aggressive course of for funding resulted in 544 functions, however solely one-third of them had been profitable.

The agreements, which run till 2026-27, are anticipated to assist fast-track 107,000 permits inside the subsequent three years.

This report by The Canadian Press was first printed March 4, 2024. 

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