Ottawa and Alberta Pledge $385M to Build 1,460 Affordable Homes as Mortgage Rates Rise and Oil Shock Looms

Ottawa and Alberta committed $385 million through Build Canada Homes to construct at least 1,460 affordable housing units across the province. The federal government is providing up to $220 million while Alberta kicks in $165 million, with another $238 million expected from other sources. The 21 planned projects include supportive and transitional housing, with a target of building at least 500 homes using modern methods like off-site and factory-built approaches. This...