It’s housing, housing, housing: Chrystia Freeland highlights housing initiatives in Victoria

During her visit to a newly constructed rental apartment building in downtown Victoria, Federal Finance Minister Chrystia Freeland emphasized Canada's urgent need for more housing. 

 

Before meeting with British Columbia Premier David Eby, Freeland toured the 23-story Hudson House, which was financed with $100 million from the federal Apartment Construction Loan Program, providing homes for 245 families. 

 

Freeland highlighted the government's commitment to increasing housing supply and affordability, particularly for middle-income workers such as firefighters, paramedics, and police officers. This commitment includes a $2 billion investment in BC's BC Builds program, aimed at building more rental housing in the province.

 

With the federal budget set to be tabled next month, Freeland stated that housing will be a major component, emphasizing the need for supply, affordability, and a strong economic plan that benefits younger Canadians. She stressed the importance of housing supply and affordability in the budget, with a particular focus on younger Canadians.

 

"For me, it's actually pretty simple," she said about the budget. "It's housing, housing, housing. Supply, supply, supply, affordability, a strong economic plan that delivers great jobs and a real focus on younger Canadians."