Looks like Builders and Developers Aren’t the Only Ones Trying To Meet the Demands of the Economy:
The Government of Canada is building strong, inclusive and sustainable communities with more than $180 Billion in new infrastructure funding over the next 12 years.
By making historic investments in public transit, housing and social infrastructure, they can create long-term economic growth, encourage social inclusion and support a low-carbon, green economy.
The budget for 2017 introduced the new “National Housing Strategy,” which will invest more than $11.2 Billion over 11 years to help ensure Canadians have affordable housing that meet their needs.
As part of the “Investing in Canada Plan,” the federal government is investing $28.7 Billion over the next 12 years in public transit-to build new urban transit networks and service extensions that will transform the way Canadians live, move and work.
Investments from the Public Transit Infrastructure Fund will improve and expand public transit systems across Canada, helping to cut air pollution, strengthen communities and grow Canada’s economy.
Funding is provided to support the rehabilitation of public transit systems; the planning of future system improvements and expansions; enhanced asset management; and system optimization and modernization.
How does this affect the Toronto Housing Market?…give us a call to find out.