Feds Unlock Another $20 Billion for Low-Cost Rental Construction Financing: Freeland

Feds Unlock Another $20 Billion for Low-Cost Rental Construction Financing: Freeland
Deputy Prime Minister and Finance Minister Chrystia Freeland arrives for a cabinet meeting on Parliament Hill in Ottawa on Sept. 26, 2023. The Canadian Press/Sean Kilpatrick
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The federal government is unlocking another $20 billion in low-cost financing for the construction of rental housing across Canada, Finance Minister Chrystia Freeland announced Tuesday.

The Canada Mortgage Bonds program, which raises funds for residential mortgage financing, had an annual limit of $40 billion.