Ottawa and Edmonton Ink $510M Housing Fund as Northern Canada Sees Demand Evaporate

$510 million in federal funding unlocked for Alberta municipalities to build the water and wastewater infrastructure that must exist before a single new home gets built — a figure paired with up to $428 million in provincial matching funds.

Money Moves

• Carney and Smith seal the deal in Red Deer — PM Mark Carney and Premier Danielle Smith jointly announced the eight-year infrastructure agreement on Wednesday, with Ottawa committing $510M and Alberta...