(Web News) Canada GlobalThe federal government said it wants to provide $1.2 billion in low-interest loans to build 2,600 rental homes in Toronto.
The loans will be provided through the federal Rental Construction Financing Initiative for seven projects and will help build 2,644 rental homes, Finance Minister Chrystia Freeland told reporters in Toronto on Tuesday. That it will be new homes, transit, jobs. Located near schools in places with These homes will be built for people starting their careers, people raising their families and people who want at least their own home.
The federal government says the program will create 71,000 new low-interest rental homes across Canada by 2027-28. In a statement, the federal government said it will do what it can to make housing affordable for people across Canada.