The Canadian government has promised $450.8 million over a 10-year period to Manitoba, with the funds to be dedicated to the maintenance and development of community housing across the province.
“The Government of Canada is committed to ensuring that every Canadian has a safe and affordable place to call home. Long-term, predictable funding for housing has been needed for more than a decade,” according to Adam Vaughan, Parliamentary Secretary to the Minister of Families, Children and Social Development (Housing and Urban Affairs).
“Today, with the Manitoba Government, we have taken a significant step toward our goal of building strong communities where Canadian families can prosper and thrive, now and for the future.”
The funds will also “support Manitoba’s priorities related to housing repair, construction, and affordability,” Vaughan added.
This investment is part of the federal government’s stated aim to improve the supply of new affordable homes across Canada by 15%, as well as renovate around 20% of current social housing units nationwide.
“By signing this bilateral, we are committing to a decade of strategic investments that will make a difference in the lives of children, families, seniors, vulnerable people and many others,” according to the Honourable Heather Stefanson, Minister, Manitoba Families.
“Manitoba is continuing on its path to become Canada’s most improved province by working in partnership with the federal government and many other critical agencies and organizations who share our dedication to housing issues.”
Ephraim is currently a journalist at Mortgage Broker News, Real Estate Professional and Canadian Real Estate Wealth.
Ephraim is a highly accomplished news reporter whose work has been published across North America and the Asia Pacific region. Before joining Key Media, Ephraim spent eight years working as a journalist with Reuters TV. His areas of expertise include real estate, mortgage, and finance.
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