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Carney pledges $2.7-billion for Toronto rental homes

Housing & Real EstateFiscal Policy & BudgetInfrastructure & Defense

The federal government will invest at least $2.7B over the next three years to build more than 18 housing projects across Toronto. The announcement by PM Mark Carney with Mayor Olivia Chow signals increased fiscal support for housing supply, a modest positive for related local construction and real estate activity.

Analysis

The federal government will invest at least $2.7B over the next three years to build more than 18 housing projects across Toronto. The announcement by PM Mark Carney with Mayor Olivia Chow signals increased fiscal support for housing supply, a modest positive for related local construction and real estate activity.

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