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Home » UPDATE 1-Canada to give Toronto over C$471 million to help fight housing crisis

UPDATE 1-Canada to give Toronto over C$471 million to help fight housing crisis

    Canada's federal government will give more than C$471 million ($354 million) to Toronto, the country's largest city, to help it build more housing and alleviate a shelter crisis, Prime Minister Justin Trudeau said on Thursday. Trudeau, whose popularity has slumped in recent months amid complaints about the affordability of housing, said the money would allow Toronto to fast-track nearly 12,000 new housing units over the next three years. As part of a deal with the federal government, Toronto will work to streamline zoning bylaw approvals, expand affordable rental programs, cut red tape, and unlock non-market housing.

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