
Canada Growing Communities And Building More Homes, Faster
One of the biggest pressures on young people right now is housing. Faced with a shortage of housing options and increasingly high rent and home prices, it feels like the deck is stacked against them. But it doesn't have to be – with a Team Canada effort, we can change that. We need to bring home prices back within reach by increasing housing supply right across the board – and quickly. We've already taken bold action to build more homes, faster, improve access to housing, and make homes more affordable – and we know there is more to be done. That means cutting red tape to fast-track construction, but also building the infrastructure to support more homes in vibrant, liveable, and growing communities.
Prime Minister, Justin Trudeau, on Monday announced key measures from the upcoming Budget 2024 to cut red tape, build more homes, and help communities grow.
These measures include:
- Topping-up the Housing Accelerator Fund with an additional $400 million , so more municipalities can cut red tape, fast-track home construction, and invest in affordable housing. Since launching the now $4.4 billion Housing Accelerator Fund last year, the federal government has signed 179 agreements across the country to fast-track more than 750,000 homes over the next decade. Today's $400 million top-up will fast-track an additional 12,000 new homes in the next three years. Launching a new $6 billion Canada Housing Infrastructure Fund to accelerate the construction and upgrading of critical housing infrastructure. This includes water, wastewater, stormwater, and solid waste infrastructure to support the construction of more homes. This fund will include:
- $1 billion available for municipalities to support urgent infrastructure needs that will directly create more housing. $5 billion for agreements with provinces and territories to support long-term priorities. Provinces and territories can only access this funding if they commit to key actions that increase housing supply:
- Require municipalities to broadly adopt four units as-of-right and allow more“missing middle” homes, including duplexes, triplexes, townhouses, and other multi-unit apartments. Implement a three-year freeze on increasing development charges from April 2, 2024, levels for municipalities with a population greater than 300,000. Adopt forthcoming changes to the National Building Code to support more accessible, affordable, and climate-friendly housing options. Require as-of-right construction for the government's upcoming Housing Design Catalogue. Implement measures from the Home Buyers' Bill of Rights and Renters' Bill of Rights.
- Eliminate all mandatory minimum parking requirements within 800 metres of a high-frequency transit line. Allow high-density housing within 800 metres of a high-frequency transit line. Allow high-density housing within 800 metres of post-secondary institutions. Complete a Housing Needs Assessment for all communities with a population greater than 30,000.
This is about making homes more affordable by increasing supply and making the housing market fairer – for renters, for homeowners, and for Canadians trying to find a place of their own. Growing communities need quality infrastructure in order to build more homes, faster – and we are there to support them with these generational investments.
We are working with provinces, territories, and municipalities to remove barriers to home building, including by allowing multiplexes as-of-right, encouraging affordable rentals, speeding up permitting and approvals processes, and building affordable homes near public transit stations, especially for students, seniors, and young families. We're not just building homes, faster – we're building communities from the ground up.
No single player can fill Canada's housing shortage on its own. More must be done and all of Team Canada – the federal government, provinces and territories, Indigenous partners, cities and towns, the private sector, labour, and non-profits – must work together to ensure everyone has an affordable place to call home.
Alongside today's action to build more homes, we're protecting renters, delivering stronger public health care, making life more affordable, and creating good jobs, to make sure every generation can get ahead. We will be announcing further action to do this, and especially to build more homes, faster – to ensure no generation is left behind.
The post Canada growing communities and building more homes, faster appeared first on Caribbean News Global .

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
Most popular stories
Market Research

- Manuka Honey Market Report 2024, Industry Growth, Size, Share, Top Compan...
- Modular Kitchen Market 2024, Industry Growth, Share, Size, Key Players An...
- Acrylamide Production Cost Analysis Report: A Comprehensive Assessment Of...
- Fish Sauce Market 2024, Industry Trends, Growth, Demand And Analysis Repo...
- Australia Foreign Exchange Market Size, Growth, Industry Demand And Forec...
- Cold Pressed Oil Market Trends 2024, Leading Companies Share, Size And Fo...
- Pasta Sauce Market 2024, Industry Growth, Share, Size, Key Players Analys...
Comments
No comment