Promise History
3.04.071 - “A re-elected Liberal government will […] [d]ouble our existing Budget 2021 commitment to $600 million to support the conversion of empty office and retail space into market-based housing. We’ll convert space in the federal portfolio and commercial buildings.”
16-Apr-2024
Federal offices will be converted, but there are no plans to convert commercial buildings as announced.
“Converting Underused Federal Offices Into Homes […] Budget 2024 proposes to provide $1.1 billion over ten years, starting in 2024-25, to Public Services and Procurement Canada to reduce its office portfolio by 50 per cent. This funding, which is expected to be fully recovered through substantial short- and long-term cost savings, will help to accelerate the ending of leases and disposal of underused federal properties, and address deferred maintenance. Where applicable, the government will prioritize student and non-market housing in the unlocking of federal office properties.”
Add a comment
Use your Facebook account to comment on this thread and join the discussion!