Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, and the Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities, announced that more than 300,000 Canadians have opened a Tax-Free First Home Savings Account since April 1, 2023, which is making it more affordable for them to save for a down payment.
Over the past week, Ministers have highlighted how the government’s economic plan has delivered for Canadians, including by building 484 new rental homes in Toronto, 231 new affordable homes in Vancouver, and more than 780 new homes in Richmond Hill; modernizing competition in Canada to stabilize prices across the country; lowering energy bills in Victoria and Saanich and across Canada; and attracting billions in private investment to create good jobs in Alberta and Nova Scotia.
Today in Vancouver, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, visited 58 West Hastings, which in May 2024 will begin welcoming its first residents into 231 new affordable rental homes for vulnerable people and low-income families. As first announced by the Deputy Prime Minister on July 28, 2021, this project was made possible in part by $45.8 million in federal funding from the Affordable Housing Fund—a key part of the government’s economic plan to build more homes, faster.
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced that Canada’s major investment tax credits are enabling Dow to build the world's first net-zero emissions ethylene cracker and derivatives site in Fort Saskatchewan, Alberta. She was joined by the Chair and CEO of Dow, Jim Fitterling, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, and the Honourable Randy Boissonnault, Minister of Employment, Workforce Development and Official Languages.
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, tabled the Notice of Ways and Means Motion to introduce the Fall Economic Statement Implementation Act, 2023.
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, visited 94 Eastdale Avenue in Toronto, where 484 new rental homes are under construction thanks to the federal government’s economic plan and $215 million in financing through the Apartment Construction Loan Program.
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, delivered the 2023 Fall Economic Statement, taking further action to support the middle class and build more homes, faster.
Today in Toronto, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, the Honourable Prabmeet Sarkaria, Ontario Minister of Transportation, Her Worship Olivia Chow, Mayor of Toronto, and Jamaal Myers, Chair of the Toronto Transit Commission (TTC), announced the on-time delivery of the first of 60 new made-in-Canada streetcars to the TTC, supported by a $568 million joint investment. The first new streetcars will enter service today.
Today in Toronto, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced a joint investment of $2.8 million to retrofit Evergreen Brick Works and ensure it continues being an important community recreation hub for generations of Torontonians to come.
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, and the Honourable Arif Virani, Minister of Justice and Attorney General, announced a federal investment of $1.2 billion to build 2,644 rental homes across seven new projects in Toronto, provided as fully repayable low-interest loans through the Rental Construction Financing Initiative.
