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c/canada · by booja@booja.ca · 2y

Trudeau announces $600 million in loans, funding to jump-start homebuilding, rentals

https://www.thecanadianpressnews.ca/politics/trudeau-announces-600-million-in-loans-funding-to-jump-start-homebuilding-rentals/article_cac662b4-4c75-55d0-8778-6402dfd83e4d.html

71 points · 9 comments · view on lemmy.world

9 Comments

BedSharkPal@lemmy.ca · 18 pts · 2y (4 replies)

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.

SuckMyWang@lemmy.world · 9 pts · 2y (3 replies)

Let’s not forget 600 million is fuck all

circuitfarmer@lemmy.sdf.org · 8 pts · 2y (2 replies)

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.

SuckMyWang@lemmy.world · 5 pts · 2y (1 reply)

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

4z01235@lemmy.ca · 2 pts · 2y

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

sbv@sh.itjust.works · 18 pts · 2y (3 replies)

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.

bionicjoey@lemmy.ca · 9 pts · 2y

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

BedSharkPal@lemmy.ca · 6 pts · 2y (1 reply)

Lots more inventory for speculators, hurray!

sbv@sh.itjust.works · 8 pts · 2y

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.