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Canada’s new housing agency offers $13B to attract investors, aiming to stabilize affordable housing despite low returns.
The federal government, through the new Build Canada Homes agency, is seeking to attract banks and pension funds to expand affordable housing by reducing financial risks for investors.
The agency, funded with $13 billion, has received 450 applications from provinces, community groups, and developers and aims to keep construction active during market downturns.
While the government hopes to make affordable housing a stable, long-term investment, experts warn that profit-driven institutions may be hesitant due to low returns.
Specific incentives remain unclear, but officials say the strategy could stabilize housing supply and boost non-market housing.
La nueva agencia de vivienda de Canadá ofrece $ 13B para atraer inversores, con el objetivo de estabilizar la vivienda asequible a pesar de los bajos rendimientos.