(Quebec) Quebec and Ottawa have reached an agreement on the new federal fund to accelerate housing construction. Quebec will receive $900 million from Ottawa and double the federal contribution, for a total investment of $1.8 billion over five years.
Posted at 4:46 p.m.
On October 5, La Presse revealed these upcoming investments to address the housing crisis. At the time, an agreement was considered imminent.
On the same day, Prime Minister François Legault put pressure on his counterpart Justin Trudeau to reach an agreement by Friday.
In his opinion, this was crucial for the $900 million federal pot to be included in his Finance Minister Eric Girard’s November 7 economic update.
The great financier of the Legault government will therefore be able to confirm investments worth 1.8 billion next month.
On social media, Housing Minister France-Élaine Duranceau said she was “very pleased” with the conclusion of an agreement with federal Housing Minister Sean Fraser. “Details of this agreement will be provided in an announcement shortly. We will not make any further comments until then. »