Since the government released its 2023 Fall Economic Statement on November 21, Ministers have been meeting with Canadians in communities from coast to coast to coast to discuss how the government's economic plan is building more homes, faster, making life more affordable, and building an economy that works for everyone.
Over the past week, Ministers have highlighted how the government's economic plan has delivered for Canadians, including by building 484 new rental homes in Toronto, 231 new affordable homes in Vancouver, and more than 780 new homes in Richmond Hill; modernizing competition in Canada to stabilize prices across the country; lowering energy bills in Victoria and Saanich and across Canada; and attracting billions in private investment to create good jobs in Alberta and Nova Scotia.
In the 2023 Fall Economic Statement, the government also introduced new measures to support Canadians, including by making mental health care more affordable by removing the GST/HST on psychotherapy and counselling services, as well as by cracking down on unfair junk fees, such as roaming charges and children's airline ticket fees. This builds on important progress the government has made to make life more affordable for Canadians, including saving families thousands of dollars by lowering early learning and child care fees. Six provinces and territories have already reduced fees to $10-a-day or less, and all other provinces and territories have reduced fees by 50 per cent-and are on track to deliver $10-a-day by 2026.
The government is also continuing to support Canadians who are renewing their mortgages at a time of higher interest rates. The Canadian Mortgage Charter, as outlined in the Fall Economic Statement, details the tailored mortgage relief that the government expects banks to provide borrowers who are facing financial difficulty with the mortgage on their principal residence.
These measures are just a few examples of how the federal government's economic plan is supporting a strong middle class and building an economy that works for everyone.
