Toronto, Ontario – September 26, 2018 – Canada’s new Prime Minister Justin Trudeau is expected to announce the nation’s first national plan to address housing affordability in a speech this week.
Trudeau will say the government will launch a national housing affordability strategy in early 2020 to address a range of housing challenges.
The plan, which was announced on Monday by Trudeau, is aimed at building on a policy launched by the Liberal government in April 2020.
A spokesperson for Trudeau told Financial Post that the plan will be unveiled at a later date.
The Prime Minister said the strategy will create new resources for cities and provinces, as well as expand the supply of affordable housing in the country.
He added that this strategy will be a major milestone in Canada, as the government aims to end homelessness and build more affordable housing.
Trudeau’s announcement comes a week after the Conservative government unveiled its first national housing plan.
The government announced a $1 billion plan to build and renovate 4,000 affordable housing units, as part of a larger housing plan unveiled in April.
The new strategy will focus on the availability of rental assistance for low- and moderate-income households, with the goal of achieving the country’s first affordable housing by 2020.