Key points:
Create Build Canada Homes (BCH) to get the federal government back into the business of home building, by:
acting as a developer to build affordable housing at scale, including on public lands;
catalyzing the housing industry by providing over $25 billion in financing to innovative prefabricated home builders in Canada, including those using Canadian technologies and resources like mass timber and softwood lumber, to build faster, smarter, more affordably, and more sustainably; and,
providing $10 billion in low-cost financing and capital to affordable home builders.
Make the housing market work better by catalyzing private capital, cutting red tape, and lowering the cost of homebuilding:
cutting municipal development charges in half for multi-unit residential housing while working with provinces and territories to keep municipalities whole;
reintroducing a tax incentive which, when originally introduced in the 1970s, spurred tens of thousands of rental housing across the country;
facilitating the conversion of existing structures into affordable housing units; and,
building on the success of the Housing Accelerator Fund, further reducing housing bureaucracy, zoning restrictions, and other red tape to have builders navigate one housing market, instead of thirteen
Posted by Consistent-Study-287
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Create Build Canada Homes (BCH) to get the federal government back into the business of home building, by:
acting as a developer to build affordable housing at scale, including on public lands;
catalyzing the housing industry by providing over $25 billion in financing to innovative prefabricated home builders in Canada, including those using Canadian technologies and resources like mass timber and softwood lumber, to build faster, smarter, more affordably, and more sustainably; and,
providing $10 billion in low-cost financing and capital to affordable home builders.
Make the housing market work better by catalyzing private capital, cutting red tape, and lowering the cost of homebuilding:
cutting municipal development charges in half for multi-unit residential housing while working with provinces and territories to keep municipalities whole;
reintroducing a tax incentive which, when originally introduced in the 1970s, spurred tens of thousands of rental housing across the country;
facilitating the conversion of existing structures into affordable housing units; and,
building on the success of the Housing Accelerator Fund, further reducing housing bureaucracy, zoning restrictions, and other red tape to have builders navigate one housing market, instead of thirteen
These are the key points. Sorry I can’t figure out how to edit the body
Great optics for the election. Unfortunately public housing is pretty average policy since you get very few dwellings for the amount of government cash you sink into it – even if prefabbing and public land development keeps the costs down.
Leftists/progs tend glorify it because public housing used to be more prominent in an era where houses were cheaper, plus the usual government intervention aesthetic.
Hopefully the bill features plenty of upzoning mandates/incentives and developer support. Canada can’t afford to screw around any longer now that they might be entering a decade of decline thanks to Trump.
Trudeau unveiled a similar proposal with similar numbers last year – build 3.9 million houses by 2031 (500,000 per year). Nothing happened since then. I find it hard to believe that this will actually happen but it would be nice if it did.