this post was submitted on 06 Apr 2024
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Trudeau announces $600 million in loans, funding to jump-start homebuilding, rentals (www.thecanadianpressnews.ca)
submitted 7 months ago by [email protected] to c/[email protected]
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[–] [email protected] 18 points 7 months ago (2 children)

Trudeau said $50 million would go toward a homebuilding technology and innovation fund, with another $50 million to modernize and expedite construction.

An additional $500 million worth of low-cost loans will foster projects with "innovative" construction techniques from prefabricated and modular housing manufacturers and other builders.

This is great news. We have a shortage of construction workers, so any moves that improve how we build is good.

We still need tax reforms, more construction workers, and governments building housing.

[–] [email protected] 9 points 7 months ago

We also need more density being built. More SFH isn't going to fix our problems

[–] [email protected] 6 points 7 months ago (1 children)

Lots more inventory for speculators, hurray!

[–] [email protected] 8 points 7 months ago

You're not wrong, but I spend a lot of time (rightly) shitting on our governments. It isn't enough, but it's an incremental move in the right direction. That deserves recognition.

[–] [email protected] 20 points 7 months ago (1 children)

All these fucking announcements on housing and yet he doesn't dare take on one of the main problems - speculators.

Guy isn't even trying.

[–] [email protected] 9 points 7 months ago (1 children)

Let’s not forget 600 million is fuck all

[–] [email protected] 8 points 7 months ago (1 children)

This. At a governmental level, it isn't a huge number for an issue of this magnitude. Enough to try and sway opinion (aka marketing), but less so for real change.

[–] [email protected] 5 points 7 months ago (1 children)

Isn’t the house price about 1m +? 600 dwellings in a country of 60m or however many people.

[–] [email protected] 2 points 7 months ago

About 42M when I started writing this comment but we're probably closing on 60M now as I finish typing it out...