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Housing benefit available to Yukon homeowners to offset housing costs.

Wednesday, 13 March 2024 16:14

By Panebi Wilson X @panebiwilson

Yukon MP Brendan Hanley (Photo by Panebi Wilson for Chon-FM)

Recipients in Whitehorse can expect to receive $1,000, while those outside Whitehorse can anticipate getting $1,500.

Yukon MP Brendan Hanley, on behalf of Sean Fraser, the federal minister of Housing, Infrastructure and Communities, and Yukon Premier Ranj Pillai made a joint announcement of a $1.1 million federal investment on Friday. 

The government of Canada is making this investment million in the Canada Housing Benefit to help homeowners offset their housing costs.
According to the Federal government, this is recognition of high interest rates, heating costs and the overall cost of living. 

Eligible Yukon homeowners with low or moderate incomes will soon be able to apply for a one-time payment to help them with their housing costs.
To be considered for the benefit, homeowners must be spending 50 per cent or more of their gross household income on housing costs. These include mortgage payment, property tax, home insurance, home repairs, heating fuel and electricity, and applicants must meet all other eligibility requirements.

Premier Pillai said in recognition of ongoing cost-of-living challenges affecting all Yukoners, the Government of Yukon is grateful to the Canada Mortgage and Housing Corporation for this contribution that will support Yukon homeowners in need.

Fraser said the Canada Housing Benefit is helping Canadians in need afford their housing costs and that with this additional funding, the federal government’s goal is to ease the pressure on residents in the Yukon who are struggling to cover their living expenses as it is just one of the many ways that the National Housing Strategy is helping to ensure every Canadian has a safe and secure home.”
The program will close when fully subscribed or at 4 p.m. March 26, whichever occurs first.

The value of the one-time payment awarded to each eligible Yukoner will depend on the number of applications the government receives before the deadline.

Recipients in Whitehorse can expect to receive $1,000, while those outside Whitehorse can anticipate getting $1,500.
The Canada-Yukon Housing Rental Benefit was first announced by the territorial government in partnership with the federal government on Nov. 4, 2020.
 

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