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CRE research professional and head of a national commercial real estate research platform for Newmark in Canada providing thought leadership, operational excellence, team building and market insights

The Government of Canada has announced the new $6 billion Canada Housing Infrastructure Fund to help support the cost of building infrastructure that supports new residential density and population growth, reported Daily Hive. "This will go towards critical utilities infrastructure projects such as water supplies, sewerage pipes and treatment, stormwater catchment pipes, and solid waste infrastructure, announced Prime Minister Justin Trudeau in a press conference today. But there is a big catch." "Although municipal and regional governments are largely the cost bearers of such critical infrastructure, the vast majority of the $6 billion will go to the provincial governments initially before being distributed to local and municipal governments. With the provincial governments holding onto $5 billion, the municipal governments will receive $1 billion to help support any urgent infrastructure needs towards supporting more housing." https://lnkd.in/dZSau7-d #canada #residential #development

Trudeau offers $6 billion infrastructure cash for housing density program | Urbanized

Trudeau offers $6 billion infrastructure cash for housing density program | Urbanized

dailyhive.com

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