The Liberal government has revealed another glimpse of what it will present in the coming federal budget, announcing it’s setting aside another $15 billion for an apartment construction loan program.
Prime Minister Justin Trudeau said the initiative is being called “Canada builds” and is meant to “turbocharge affordable apartment construction.”
The new money will bring the loan program’s available funding to $55 billion, the government said, and is aimed at building at least 131,000 apartments in the next decade.