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Canadian Government To Create $1.5 Billion Fund To Buy Low-Cost Rental Housing

Plan To Preserve Affordable Rent Comes as Apartment Rents Reach All-Time High
Canada's largest apartment REIT sold this apartment complex in Langley, British Columbia, to a nonprofit group last month. The federal government is looking to fund similar deals. (CoStar)
Canada's largest apartment REIT sold this apartment complex in Langley, British Columbia, to a nonprofit group last month. The federal government is looking to fund similar deals. (CoStar)

Faced with rising affordability issues in the apartment rental market, the federal government plans to fund up to $1.5 billion of low-cost housing.

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