Mr. Speaker, I want to take a moment to talk about the benefits of budget 2021 as it relates to one of the priorities of my riding of Sherbrooke, social housing.
With or without a pandemic, many families struggle to access affordable housing every year, and this is also true in Sherbrooke. The low vacancy rate of 1.3% is alarming, and many people are still waiting for subsidized housing.
The budget builds on the efforts our government has been making since 2015. We have helped more than one million Canadians find an affordable home. This budget invests $2.5 billion and reallocates $1.3 billion to build and renovate more than 35,000 affordable homes across Canada.
Earlier this week, we announced the creation and renovation of over 1,500 new affordable housing units in Quebec. These investments will not only create jobs, but also make life easier for thousands of families.