February 29, 2024

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OTTAWA – Prime Minister Justin Trudeau introduced Wednesday that the federal authorities has reached an settlement with town of London, Ont. to quick monitor over 2,000 extra housing items inside three years and several other thousand extra within the years to come back.

A authorities press launch stated that is the primary settlement beneath the Housing Accelerator Fund, which was launched within the spring, to “minimize crimson tape, repair outdated native insurance policies like zoning, and construct extra houses, sooner.” It should present $74 million to extend the housing provide within the metropolis.

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As a part of this settlement with the federal authorities, town of London will enable for “high-density improvement” with out the necessity for rezoning and also will enable as much as 4 items to be constructed on a single property in low-density neighbourhoods.

Trudeau made this announcement alongside his Housing Minister Sean Fraser whereas in London, the place the Liberal caucus is assembly to organize for the autumn parliamentary session, because the celebration is basically behind the Conservatives in voter polls.

Talking earlier within the day, Fraser stated the Liberal authorities would announce new measures to assist with the shortage of inexpensive housing in Canada.

“This announcement is one among a sequence of measures we’re going to be advancing over the course of the autumn which can be going to have a significant influence to get extra houses constructed on this nation,” he informed reporters.

Fraser added that Canadians ought to anticipate a “renewed focus” from the federal authorities on housing to assist not simply low-income Canadians and construct inexpensive housing, however to additionally assist the middle-class entry housing.

Extra particulars to come back.

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