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Feds, province commit funds for affordable housing

Author of the article: Kristine Jean
Publishing date: Apr 30, 2021 • 1 day ago • 3 minute read •
Folkstone Manor, Stony Plain s first affordable housing facility for seniors and emerging seniors 55+, is nearing completion and is now accepting applications for anticipated summer move-ins. Both the provincial and federal governments have recently committed additional funding for affordable housing. Photo by Kristine Jean /jpg, SP
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Both the federal and provincial governments recently announced funding for affordable housing.
In the Canadian government’s first budget in two years April 19, deputy Prime Minister and Minister of Finance, Chrystia Freeland announced that Budget 2021 includes an additional $2.5 billion over seven years for affordable housing. It will also reallocate $1.3 billion in existing funding to speed up the construction, repair, or support of 35,000 affordable housing units. ....

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Federal budget 2021: Vacant properties tax targets offshore investors

OTTAWA
One of the federal government’s many budget promises is a new annual tax that would apply to vacant or underused property in Canada that’s owned by foreign investors.
If the budget passes in Parliament, the Liberals say the one per cent tax will be instituted on January 1, 2022 and would reflect their commitment to make housing more affordable for Canadians.
“Houses should not be passive investment vehicles for offshore money, they should be homes for Canadian families,” said Deputy Prime Minister and Finance Minister Chrystia Freeland delivering her budget speech in the House of Commons on Monday. ....

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How the 2021 federal budget impacts you

OTTAWA
The federal government unveiled its long-awaited spring budget on Monday, with a focus on navigating taxpayers out of the third wave of the COVID-19 pandemic and embarking on the long road to economic recovery, with specific attention paid to the most vulnerable.
CTVNews.ca has analyzed the document and identified the key items that, if passed in Parliament, will impact Canadian businesses, workers, families, students, and seniors.
Here’s how the Liberals’ pandemic exit strategy impacts you:
IS THE COST OF CHILD CARE A FINANCIAL STRAIN?
Canadian families across the country, aside from Quebecers, continue to grapple with the increasingly high costs of child care. While child care remains a provincial issue, the federal government is promising measures to help its provincial counterparts establish a more consistent and affordable framework. ....

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