Charlottetown Chamber of Commerce pleased with new Federal Municipal housing agreement

The Greater Charlottetown Area Chamber of Commerce says it’s pleased with word of the agreement between Ottawa and the City of Charlottetown to fast-track 300 new housing units over the next three years.  Chamber CEO Bianca MacGregor says Charlottetown’s vacancy rate fell to 0.5% in 2023 and the city is in desperate need of more housing. She says the current lack of housing inventory has been identified as a significant barrier to Chamber members looking to recruit and retain employees and grow their businesses.