Trudeau Announces Major Funding for Innovative Housing Solutions
In a series of pre-budget announcements, Prime Minister Justin Trudeau unveils a comprehensive plan to address Canada's housing crisis through innovative construction techniques.
- Prime Minister Justin Trudeau announces a total of C$600 million in funding to support innovative housing solutions, including 3D-printed and prefabricated homes.
- The funding package includes C$50 million for a new innovation fund and C$50 million to modernize construction through modular housing, mass timber, robotics, 3D printing, and automation.
- An additional C$500 million in low-cost loans will support projects utilizing innovative construction techniques.
- Trudeau's announcements come amid criticism for soaring housing costs and aim to make homebuilding faster and more affordable.
- Conservative Party criticizes Trudeau's plan, advocating for more approvals and fewer gatekeepers in housing construction.
Financial Post 
South China Morning Post 
