$115M funding deal could help build 40,000 homes in Vancouver over decade: Trudeau
BNN Bloomberg
Prime Minister Justin Trudeau has announced a $115 million federal funding deal with the City of Vancouver that he said could see more than 40,000 new homes built over the next decade.
Trudeau said the deal would fast-track more than 3,200 new homes over the next three years.
"The deal will mean less red tape, more housing built near transit, more affordable rental housing and more density. Homes in accessible, vibrant communities, the very places people want to live and raise their families," Trudeau said at a news conference with Vancouver Mayor Ken Sim, federal Housing Minister Sean Fraser, Fraser's provincial counterpart Ravi Kahlon and others.
The announcement came on Friday after the Canada Mortgage and Housing Corp. said housing starts in Canada fell 22 per cent in November, with starts down 39 per cent in Vancouver.
