By Canadian Press

Fraser says more housing measures are coming in fall budget update

Oct 23, 2023 | 11:27 AM

OTTAWA — Housing Minister Sean Fraser says the federal government will reveal more housing measures in the fall budget update and in the coming months.

In a news conference this morning, Fraser outlined some of the measures that are expected, including tying federal infrastructure spending to housing outcomes in local communities. 

He also says there will be more policies geared toward increasing the stock of social housing, and increasing workers’ skills and innovation in the construction industry. 

Finance Minister Chrystia Freeland has not announced the date for this year’s fall economic statement yet but it is expected in the coming weeks. 

The federal government is under pressure to address the housing crisis and has created policies aimed at building more housing, including removing the GST on purpose-built rentals and unlocking more low-cost financing for home construction. 

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It has also reached deals with municipalities in recent weeks as part of the housing accelerator fund, a federal program that awards funding to cities based on their plans to boost their housing stock.

This report by The Canadian Press was first published Oct. 23, 2024. 

The Canadian Press

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