Finance Minister Chrystia Freeland today tabled a 400-page-plus budget her government is pitching as a balm for anxious millennials and Generation Z. The budget proposes more than $52 billion in new spending over five years - and a focus on getting more affordable houses built. Here are some of the notable funding initiatives and legislative commitments in budget 2024.Special coverage of the release of the 2024 Federal Budget.
The government says two million of those would be net new homes and it believes it can contribute to more than half of them.Converting underused federal offices into homes. The budget promises $1.1 billion over ten years to transform 50 per cent of the federal office portfolio into housing. It's not yet committing to new measures but the budget says the government will consider introducing a new tax on residentially zoned vacant land.A Dalhousie University student looks over course material on campus.
The federal government estimates this could bring in more than $19 billion over five years, although some analysts are not convinced.Parliament last year passed the Canada Disability Benefit Act, which promised to send a direct benefit to low-income, working-age people with disabilities.
Source: Real Estate Daily Report (realestatedailyreport.net)
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