Earlier this month Prime Minister, Mark Carney launched Build Canada Homes—a new federal agency that will build affordable housing at scale. Build Canada Homes will help fight homelessness by building transitional and supportive housing—working with provinces, territories, municipalities, and Indigenous communities. It will build deeply affordable and community housing for low-income households, and partner with private market developers to build affordable homes for the Canadian middle class.

 

There are three key pillars to this new approach:

Further details on these investments will be announced over the coming months. To develop additional projects this year, Build Canada Homes will immediately begin engaging with provinces, territories, cities, Indigenous partners, investors, and builders with proven track records.

 

Build Canada Homes will scale up housing construction and build an entirely new Canadian housing industry: one that improves productivity in the construction sector, uses Canadian materials, creates new high-paying careers across the supply chain, and positions Canada as a world leader in modern homebuilding. With Build Canada Homes, Canadian private builders will have the certainty they need to build at scale and speed.

CWWA will be monitoring the announcements related to this initiative. Building infrastructure and capacity to support this new housing will be a key component of success, and CWWA will advocate for support for communities to build this infrastructure.

 

The government will announce additional measures in Budget 2025 to lower costs for builders and to catalyze private capital in homebuilding.