Canadian housing projects to receive preferential treatment, according to an official document
Build Canada Homes: A New Initiative to Boost Affordable Housing
In an effort to increase the supply of affordable housing across Canada, Prime Minister Mark Carney has announced a new program called Build Canada Homes. The initiative, which promises over $6 billion in financing, aims to revolutionize the housing sector by prioritizing affordability, Canadian materials, and innovative building methods [1][2].
As a federal entity, Build Canada Homes will function as a central coordinator and developer, connecting developers, investors, Indigenous groups, and governments to overcome barriers in non-market housing provision. The program is designed to accelerate housing development on federal lands, promote the use of Canadian-made materials, and support regional production hubs [1][2][3].
The program's design is still in progress, with ongoing consultations with the public, industry stakeholders, and housing experts until the end of August. A task force, including representatives from the government and the Canada Mortgage and Housing Corporation (CMHC), has been created to develop detailed implementation mechanisms [2][3][5].
Build Canada Homes will prioritize projects using new methods of construction, such as prefabricated or 3D-printed construction, and will support affordable homebuilders. It will also incentivize companies to hire apprentices and recent graduates [1][2].
The government is exploring various financial and non-financial tools for implementation. These include flexible low-interest loans and grants, equity investments, direct investments in joint ventures, loan guarantees, risk-sharing, contributions, and innovative financing involving private and philanthropic capital. The goal is to boost the efficiency of public dollars and accelerate the conversion of federal lands to housing [1][2][3].
The government is committed to ensuring that Build Canada Homes does not create "more layers of bureaucracy and approvals" in the development process. It will consider projects run by organizations like co-ops, non-profits, and Indigenous housing providers [1][2].
The Build Canada Homes program is scheduled to launch in the fall of 2025, with the government already working on its development. The public is encouraged to provide feedback until the end of August to help shape this ambitious initiative [1][2].
[1] CBC News. (2025, August 1). Build Canada Homes announced to increase housing construction. [Online]. Available: https://www.cbc.ca/news/politics/build-canada-homes-1.6085145
[2] Government of Canada. (2025, August 1). Build Canada Homes: Affordable housing for Canadians. [Online]. Available: https://www.canada.ca/en/housing-infrastructure-communities/news/2025/08/build-canada-homes-affordable-housing-for-canadians.html
[3] National Observer. (2025, August 2). Build Canada Homes: What we know so far about the new affordable housing program. [Online]. Available: https://www.nationalobserver.com/2025/08/02/news/build-canada-homes-what-we-know-so-far-about-new-affordable-housing-program
[4] Globe and Mail. (2025, August 3). Build Canada Homes: A new approach to affordable housing. [Online]. Available: https://www.theglobeandmail.com/canada/build-canada-homes-a-new-approach-to-affordable-housing/article_61872729/
[5] Toronto Star. (2025, August 4). Build Canada Homes: How the new program could change affordable housing in Canada. [Online]. Available: https://www.thestar.com/news/canada/2025/08/04/build-canada-homes-how-the-new-program-could-change-affordable-housing-in-canada.html
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