Trudeau Unveils Housing Initiatives in Various Cities; Plans to Build 30,000 Homes; Canada Prepares C$8.5 Billion Bond Sale Next Week

Canadian Prime Minister Justin Trudeau has announced various initiatives and agreements to address housing challenges. These include the Housing Accelerator Fund, Rapid Housing Initiative, and legislation in Parliament. Trudeau stated that nearly 30,000 homes will be built using surplus federal properties over the next six years. The government is committed to fast-tracking construction and reducing housing costs, with a focus on cities such as Brampton, Halifax, Hamilton, Kelowna, Kitchener, London, and Vaughan. Additionally, an agreement with Quebec has been announced to speed up the construction of tens of thousands of homes in the province. Meanwhile, Canada's federal housing agency is preparing for a bond sale of up to C$8.5 billion.