Apartment Construction Loan Program: Fostering Rental Housing

The housing affordability problem in Canada continues, and people are desperate for solutions. The federal government is handing out billions of dollars as part of the Apartment Construction Loan Program intending to create more affordable housing. But, a Globe analysis found a disconnect between what’s considered affordable in this program, and what renters can actually afford.

The Globe’s real-estate reporter Rachelle Younglai explains why these units aren’t actually attainable to many Canadian renters and looks at the concerns with the program’s definition of affordability.

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