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Ottawa promises $2.55B in low-cost loans to build Toronto rental homes | Globalnews.ca

Global News
Summary
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70% Informative

Ottawa says it will provide $2.55 billion in financing through its Apartment Construction Loan Program .

The city says the money will go toward building more than 4,800 rental homes, of which at least 1,075 will be affordable.

Toronto , meanwhile, will offer nearly $235 million in financial incentives such as relief from development charges, fees and property taxes.

VR Score

76

Informative language

77

Neutral language

68

Article tone

formal

Language

English

Language complexity

54

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

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no sources

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