Ottawa commits about $500-million to build affordable housing in Canada’s largest cities
|The federal government unveiled a Rapid Housing Initiative on Tuesday.
|Ottawa says Toronto will get $203.3-million to quickly develop new affordable housing, Montreal will receive $56.8-million, and Vancouver will get $51.6-million.
|The program is part of the federal government’s plan to build 3,000 new units across the country. The program will focus on building new modular multi-unit rentals as well as converting non-residential buildings into affordable multi-residential homes.