Canada allocates $574M for 950 new rental homes in Vancouver to address growing housing needs.

The Canadian federal government has announced $574 million in funding to build about 950 new rental homes in Vancouver. This financing is part of the Apartment Loan Construction Program, which offers low-interest loans to encourage rental housing for middle-class Canadians. Four projects, including one on 42nd Avenue set to build 211 apartments, are receiving the funds. The minister responsible emphasized the need for more housing as Vancouver’s population grows.

November 14, 2024
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