Prime Minister Justin Trudeau and Deputy Prime Minister Chrystia Freeland are expected to make an announcement on Friday in Hamilton, highlighting the investments in housing announced Thursday in the presentation of the Liberals' 2022 budget.

Housing Minister Ahmed Hussen, Public Services and Procurement Minister Filomena Tassi and Families Minister Karina Gould will also be in attendance.

The 2022 budget includes more than $31 billion in new spending over the next five years.

It’s targeted at speeding the flow of goods through the country’s supply chains, boosting housing supply and jolting businesses out of an anemic period of investment.

The Liberal government is planning to spend $10.14 billion on housing over the next five years in its 2022 federal budget, looking to make homes more affordable by expanding supply and helping young Canadians save for their first home.

Ottawa’s spending document also includes plans to double the pace of homebuilding in Canada in the decade ahead, support those already struggling with housing and limit profiteering in the sector.

The 2022 budget includes plans to create a new Tax-Free First Home Savings Account (TFFHSA) to help Canadians struggling to get into the housing market save for the cost of a down payment.

For more info, please go to https://globalnews.ca/news/8743554/canada-budget-2022-housing-affordability-supply-foreign-buyers/

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