Government of Canada to hold technical briefing on unlocking $20 billion in new financing to build 30,000 apartments per year
Media advisory
Senior officials from the Government of Canada will hold a bilingual technical briefing on the Canada Mortgage Bonds annual limit increase from $40 billion to up to $60 billion, as announced yesterday by the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance. This change is the next step in the government’s plan to build more homes, faster, and will unlock low-cost financing for multi-unit rental construction.
To ensure builders have the low-cost financing required to build more rental projects, the government is increasing the Canada Mortgage Bond issuance limit by $20 billion per year and directing it to multi-unit rental projects insured by CMHC.
The briefing will be by phone. It will be on background only. Media who wish to participate can dial-in by using the numbers below. Teleconference participants will be able to ask questions.
Date: Wednesday, September 27, 2023
Time: 4:00 pm EDT
Participant dial-in numbers: 1-866-206-0153 / 613-954-9003
Access Code: 5855164#
Contacts
Media may contact:
Katherine Cuplinskas
Press Secretary and Senior Communications Advisor
Office of the Deputy Prime Minister and Minister of Finance
Katherine.Cuplinskas@fin.gc.ca
Media Relations
Department of Finance Canada
mediare@fin.gc.ca
613-369-4000