The federal government has expanded its public lands bank with 56 new properties in Halifax, making them available for long-term leases for housing development. This initiative aims to address the ongoing housing shortage crisis by providing developers with suitable locations to build new homes.
The Housing Minister highlighted the significance of this move in increasing the housing supply for Canadians. By adding these properties to the public lands bank, developers will have more opportunities to construct affordable housing options for residents in need.
This strategic decision not only promotes economic growth but also tackles the pressing issue of housing affordability. It showcases the government’s commitment to supporting sustainable housing development while ensuring equitable access to housing for all Canadians.
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