Today, the Federal Government announced that the City of Surrey will receive $95 million from the Housing Accelerator Fund to expedite the development of 2,800 homes over the next three years.
“Surrey is going to be the largest city in BC very soon, and most immigrants are coming to Surrey because it is an opportunity city,” said Jasroop Gosal, Policy & Research Manager at the Surrey Board of Trade. “We are pleased with this investment to build affordable housing quicker, and look forward to having it implemented, however, more is needed for a city of this size.”
As of December 11, 2023, the following cities had Housing Accelerator Fund agreements:
· London, Ontario – 2,000 homes – $74 million
· Vaughan, Ontario – 1,700 homes – $59 million
· Hamilton, Ontario – 2,600 homes – $93.5 million
· Halifax, Nova Scotia – 2,600 homes – $79.3 million
· Brampton, Ontario – 3,150 homes – $114 million
· Kelowna, British Columbia – 950 homes – $31.5 million
· Kitchener, Ontario – 1,200 homes – $42.4 million
· Province of Quebec – $900 million
· Calgary, Alberta – 6,800 homes – $228 million
· Moncton, New Brunswick – 490 homes – $15.5 million
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Jasroop Gosal, 604-634-0345, jasroop@businessinsurrey.com
