Sat. Mar 2nd, 2024

Ottawa adds money for housing allowance

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Ottawa allocates an envelope of 99 million additional dollars for the Canada Housing Benefit which will directly benefit low-income renters.

The Canadian Press

Finance Minister Chrystia Freeland announced Tuesday that the federal government will invest nearly $200 million in new money to support low-income renters and open more emergency shelters for the homeless.

Ottawa is investing an additional $99 million in the Canada Housing Benefit, which provides financial support to low-income renters, in partnership with the provinces and territories.

Freeland also announced an additional $100 million in emergency winter funding to help shelters create more space for people without housing.

These measures are announced as Justin Trudeau's Liberal government faces growing pressure to combat skyrocketing rents and help municipalities struggling with growing homelessness.

Minister Freeland made the announcement Tuesday, alongside other Cabinet members, at a weekly news conference in Ottawa.

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Ministers whose portfolios relate to the economy hold press conferences almost weekly since the fall as part of the Liberal government's efforts to promote public policies that concern the cost of living.

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The aid announced by Minister Freeland is intended in particular to support low-income tenants.

We all know that housing is currently the main challenge in Canada, Ms. Freeland said on Tuesday. It's a challenge at the heart of people's lives, and it's especially true for Canadians who struggle with high rent.

Data from Rentals.ca and market research firm Urbanation showed that the average rent charged in December in Canada jumped 8.6% year-over-year, reaching a record high of $2178 per month.

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