“Hamilton is a great example of a place that used to be known for a level of affordability that is now stunningly out of reach,” Trudeau said Friday standing in the backyard of a home on Thayer Avenue.
While the banning of foreign investors was welcomed by housing experts, some critics believe more should’ve been done to target Canadian real estate investment trusts .
Forty per cent of the housing budget — or $4 billion — will be used for a new “housing accelerator fund” intended to slash red tape for municipalities to accelerate developments.