this post was submitted on 12 Apr 2024
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Unlocking housing construction and launching Canada Builds (www.pm.gc.ca)
submitted 9 months ago* (last edited 9 months ago) by [email protected] to c/[email protected]
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I feel like I haven't seen anyone talking about this press release here and I'm curious about what people think.

  • "$15 billion top-up to the Apartment Construction Loan Program to build a minimum of 30,000 new apartments." Edit to add: "With this top-up, the program’s financing is on track to build over 131,000 new apartments within the next decade."
  • "new reforms to the Apartment Construction Loan Program to increase access to the program and make it easier for builders to build"
  • "Launching Canada Builds – partnering with provinces and territories to build more rental housing across the country"
  • "Yesterday, we announced a new $6 billion Canada Housing Infrastructure Fund and a $400 million top-up to the Housing Accelerator Fund to ensure communities have the infrastructure they need to grow and build more homes"

Is this more lip service or are these genuinely working in the right direction to increase housing?

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[–] Sprawlie 0 points 9 months ago* (last edited 9 months ago) (2 children)

while this one talks about 30k dwellings.

No it doesn't. The OP of the post edited out the actual words in the article to make it seem like that was what was said. That is not what was published on the Parl government site. The exact wording of the 30k number:

Delivering a $15 billion top-up to the Apartment Construction Loan Program to build a minimum of 30,000 new apartments. With this top-up, the program’s financing is on track to build over 131,000 new apartments within the next decade.

Is this enough? I can't answer that. But the policy isn't just 30k new dwellings. It was specific to a MINIMUM of 30k new APARTMENTS. nothign to do with houses, condominiums, or overall housing numbers.

~~Now ask yourself. Why did the OP omit the full wording of the statement? Sounds like they're just trying to push and feed that ongoing hate boner.~~

in addition that is a TOP UP to an existing program and not a new single investment: https://www.cmhc-schl.gc.ca/professionals/project-funding-and-mortgage-financing/funding-programs/all-funding-programs/apartment-construction-loan-program

[–] [email protected] 1 points 9 months ago

But also...

Why did the OP omit the full wording of the statement? Sounds like they're just trying to push and feed that ongoing hate boner.

Go fuck yourself asshole. There's no need for your vitriol in a post to prompt discussion. You don't need to attack me or my intentions with basically nothing to go on.

[–] [email protected] 1 points 9 months ago

The OP of the post edited out the actual words in the article to make it seem like that was what was said.

Oops, not intentionally, I was grabbing some highlights but wasn't trying to make it say anything in particular... I'll update, even though it's a bit late. I've been traveling!