Government of Canada Invests $10.45M to Accelerate Residential Construction in Quebec
November 8, 2024
The Government of Canada has announced an investment of $10.45 million to accelerate residential construction in the province of Quebec. The funding will be used to support municipalities in planning, developing, and building new affordable housing units.
The investment is part of the government’s 10-year, $72 billion National Housing Strategy. The strategy aims to create 130,000 new affordable housing units and repair 150,000 existing units across Canada.
In Quebec, the funding will be used to support municipalities in developing and implementing innovative approaches to residential construction. This could include using modular construction methods, increasing the density of new developments, and exploring new partnerships with the private sector.
The funding will also be used to support municipalities in conducting needs assessments and developing long-term housing plans. This will help to ensure that the new housing units are built in the right locations and meet the needs of the community.
“Our government is committed to ensuring that all Canadians have access to safe and affordable housing,” said Ahmed Hussen, Minister of Housing and Diversity and Inclusion. “This investment will help to accelerate the construction of new housing units in Quebec and provide more affordable options for families and individuals.”
The investment is expected to create up to 1,000 new jobs in Quebec and generate significant economic activity. It is also expected to have a positive impact on the province’s social and environmental sustainability.
“This investment is a welcome boost for Quebec’s housing sector,” said Benoit Charette, Quebec’s Minister of Municipal Affairs and Housing. “It will help us to build more affordable housing units and meet the needs of our growing population.”
The Government of Canada is working in partnership with provincial and territorial governments, municipalities, and the private sector to address the housing crisis in Canada. The government is committed to ensuring that all Canadians have access to safe and affordable housing.
Government of Canada invests $10.45M to accelerate residential construction in Quebec
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