In recent economic developments, Canada's Finance Minister Chrystia Freeland unveiled the Fall Economic Statement for 2023, emphasizing a strategic initiative to bolster the supply of affordable housing across the country.
The plan includes a significant push to recruit skilled construction workers to address the housing supply shortage. Additionally, the Statement introduces the Canada Mortgage Charter, offering vital support to homeowners grappling with financial challenges.
These measures align with the broader goal of accommodating Canada's growing population, now surpassing 40 million, through enhanced infrastructure and housing solutions.
Canada's Deputy Prime Minister also announced a $1.2 billion federal investment for building new rental homes in Toronto. This initiative aims to add 2,644 rental units in seven new projects in the city.
