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House Hansard - 56

44th Parl. 1st Sess.
April 8, 2022 10:00AM
Context: House Hansard - 56 - Apr/8/22
Mr. Terry Beech (Parliamentary Secretary to the Deputy Prime Minister and Minister of Finance, Lib.)
  • Apr/8/22 11:32:05 a.m.
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Mr. Speaker, affordable housing is not just good social policy; it is a powerful economic policy as well. Our government will increase housing supply by doubling residential construction across Canada over the next 10 years. We will ensure that homes are treated as a place for families to live instead of as an investment vehicle. We will build new pathways for first-time homebuyers. In Canada, everyone deserves a place to call home, and budget 2022 is going to help make that a reality.
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Context: House Hansard - 56 - Apr/8/22
Hon. Dan Vandal
  • Apr/8/22 1:26:43 p.m.
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Mr. Speaker, I thank my colleague for that important question. I can say that yesterday's budget really does focus on residential housing. It includes over $4 billion in new money over six years. We are addressing this issue through our residential housing policy, which will inject about $70 billion into affordable residential housing by 2025-26. In addition, we will invest $4.3 billion over seven years in residential housing for indigenous communities across Canada. The money will be distributed among Inuit, first nations and Métis peoples. This is extremely important for our country, and we will continue to work with the territories, the provinces and indigenous nations to achieve these goals.
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