Canada's housing crisis will take years to solve: finance minister

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 99%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

An affordable housing crisis that is hurting the Canadian government's popularity will take years to resolve, even if construction hits an 80-year high, Finance Minister Chrystia Freeland said on Saturday.

Housing is mainly the responsibility of the 10 provinces as well as major municipalities, with Ottawa's role limited to policy advice and financial incentives.

"It will take all of us — the federal government and the provinces, cities and towns, the private sector and non-profits ... working together in common cause, not for weeks or months, but for years," Freeland said. "Building the homes a growing Canada needs will require another great national effort," she told a Montreal conference, saying the country would have to build homes at a speed and scale not seen since the 1940s and 1950s.

In a bid to boost supply, the government has said it will remove the federal 5 per cent GST on the construction of new rental apartment buildings and is telling cities to do more to address the issue.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 1. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Canada's housing crisis will take years to solve -finance minister(Reuters) - An affordable housing crisis that is hurting the Canadian government's popularity will take years to resolve, even if construction hits an ...
Fonte: SaltWire Network - 🏆 45. / 63 Consulte Mais informação »

Canada's housing crisis will take years to solve -finance minister(Reuters) - An affordable housing crisis that is hurting the Canadian government's popularity will take years to resolve, even if construction hits an ...
Fonte: SaltWire Network - 🏆 45. / 63 Consulte Mais informação »

Canada's housing crisis will take years to solve -finance ministerHer comments were among the first by a senior member of Prime Minister Justin Trudeau's Liberal administration to acknowledge the scale of the challenge. Housing is mainly the responsibility of the 10 provinces as well as major municipalities, with Ottawa's role limited to policy advice and financial incentives. 'It will take all of us — the federal government and the provinces, cities and towns, the private sector and non-profits ... working together in common cause, not for weeks or months, but for years,' Freeland said.
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

No decision on EIB presidency expected this week - German Finance MinisterSANTIAGO DE COMPOSTELA (Reuters) - German Finance Minister Christian Lindner said at the informal EU finance ministers meeting on Friday that a ...
Fonte: SaltWire Network - 🏆 45. / 63 Consulte Mais informação »

No decision on EIB presidency expected this week - German Finance MinisterGerman Finance Minister Christian Lindner said at the informal EU finance ministers meeting on Friday that a decision is not expected this week on who will become European Investment Bank (EIB) president. 'There are several well-qualified candidates, for example our host today, Nadia Calvino,' Lindner said before the meeting of euro zone finance ministers. Lindner said the German government hasn't made a decision yet on which candidate to back, 'but we have a clear picture of how the EIB should develop.'
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

No decision on European Investment Bank presidency expected this week, German finance minister saysMarket News
Fonte: KitcoNewsNOW - 🏆 13. / 78 Consulte Mais informação »