“There’s quite a lot in here,” Chow said about the budget at a press conference on Tuesday. “Which means, for Torontonians, we can start building housing -- and some percentage of it will be affordable.”
Finance Minister Chrystia Freeland pledged $15 billion in new loan funding that could help build more than 30,000 new rental units nationwide. Chow is also relieved that the program for housing refugees was renewed. The budget includes $1.1 billion over three years to extend a housing assistance program for asylum claimants and $743.5 million over five years to strengthen the asylum system and streamline the claims and removal processes.
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