Canada's federal budget set to allocate billions to tackle housing crisis, says minister

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Canada's federal budget set to allocate billions to tackle housing crisis, says minister
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Canada's federal budget, due next month, is likely to allocate billions of dollars for investing in building homes and low cost housing programs, Housing...

OTTAWA - Canada's federal budget, due next month, is likely to allocate billions of dollars for investing in building homes and low cost housing programs, Housing Minister Sean Fraser said on Monday.

"I don't want to necessarily preview what's going to be revealed in the upcoming federal budget, but there needs to be very substantial investments ," Fraser told the media on the sidelines of a housing conference in Ottawa.The expenditure will cover building homes and also support for low cost housing programs, Fraser said.

The government has responded with a series of measures to boost supply over the last year, but it has said they will not provide immediate relief.

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