This year’s fall economic statement looks to highlight the government’s efforts to address affordability for the middle class and build new homes across the country—but it is a relatively cautious spending plan by this government’s previous standards.
Many of the affordability measures highlighted in the Nov. 21 economic and fiscal update have already been rolled out, and its headline housing announcement—$15-billion in low-interest loans to finance the construction of new rental homes—will not kick in until the 2025-26 fiscal year, likely after the next election.
