In the present day, Prime Minister Justin Trudeau visited Oakville to announce new measures that deal with the difficulty of housing affordability throughout the nation.
“We have a lot of public land in Canada that’s underused or vacant,” stated Trudeau throughout his cease on the Halton Regional Centre on Bronte Highway.
“With Budget 2024, we’re unlocking this land for construction and building thousands of new homes – so that you have a good place to call your own, at a price you can afford.”
Among the many federal authorities’s plans are ones to construct houses on Canada Submit properties and Nationwide Defence lands, and convert underused federal workplaces into locations to stay.
Prime Minister Justin Trudeau on the Halton Regional Centre Wednesday morning. Chris Arnold/BurlingtonToday
With housing prices hovering and younger Canadians feeling the pinch of unattainable residence costs, Trudeau says there’s an pressing want for motion, however that the accountability doesn’t cease on the federal stage.
In response to questions from Oakville Information relating to what he would say to Canadians that suppose the Prime Minister’s measures usually are not robust sufficient to deal with the housing affordability disaster, Trudeau stated, “The federal government alone cannot solve everything.”
“But you’re right, there needs to be more; municipalities need to step up with ambition around densification, particularly around campuses and public transit stops.”
As a part of Price range 2024 and Canada’s Housing Plan, there’s a defined 3.87 million new houses to return nationwide by 2031.
Relating to the constructing of “too many homes, too quick” with out excited about long-term results, Trudeau instructed reporters that the long-term results of the present price of dwelling for younger individuals could be “devastating.”
“The current situation is not just unfair for young families and young people who don’t have the opportunities that their parents and grandparents had,” stated Trudeau.
“But me being there to partner with them and ensure that they can afford homes, that we can restore the idea of fairness for every generation, to ask the wealthiest to pay a little bit more, to bring down the cost of rentals across the GTA, across the country – these are the things that get resolved when we build homes.”
Price range 2024 will allocate $500 million to public lands acquisition. One other $117 million will probably be used as a top-up for the Federal Lands Initiative to “unlock more federal lands for affordable housing providers, with a minimum of 1,500 homes.”
On the heels of Trudeau’s announcement made regionally, Regional Chair Gary Carr stated creating extra housing choices “is a high precedence” in Halton.
“We have active and construction-ready projects in our housing portfolio that position us well to increase our assisted and supportive housing supply,” Carr continued. “Strong partnerships and funding from all levels of government are critical to get housing built as fast as possible.”
Halton Area at the moment has a inhabitants of over 637,000 residents.
The Area has two assisted and supportive housing developments underway:
265 Kerr St., Oakville: A brand new four-storey constructing that can present 52 assisted housing rental flats for older adults, of which 22 are for supportive housing, with anticipated completion in 2024.
1258 Rebecca St., Oakville: This venture will present 14 semi-detached, one-bedroom bungalows for supportive and assisted housing for seniors, with anticipated completion in 2025.
In a information launch from the Area, officers stated they’ve recognized “600 new purpose-built rental and assisted-living housing opportunities and invested heavily to ensure these projects are shovel-ready.”
The Area says extra websites will probably be added to its portfolio as they’re recognized.
For extra info relating to the Area’s involvement with the federal authorities and housing initiatives, go to halton.ca.
For extra info on Price range 2024 and Canada’s Housing Plan, go to the Authorities of Canada’s web site.
-with recordsdata from Chris Arnold
