Prime Minister Mark Carney announced Sunday afternoon the launch of Build Canada Homes, the new federal government agency that will supervise federal housing programs.
The agency was part of the electoral promise of the liberals to bend the construction of homes.
The government is promoting Build Homes as a centralized agency to supervise the new affordable housing programs initiated at the federal level.
Carney said that the agency “will bear the construction of housing throughout Canada” by helping to build support and transition housing in collaboration with indigenous provinces, territories and communities. “Deeply affordable and community housing” will also expand and will be associated with private developers to build houses for the middle class.
The prime minister also announced that the former councilor of the city of Toronto, Ana Bailão, will be the CEO of Build Canada Homes.
The agency may approve the construction of public lands and provide funds in the early stages of housing development projects.
Carney said that $ 13 billion are allocated to the new agency, which will help finance the construction of 4,000 modular homes in the six initial sites throughout the country, with the capacity to expand up to 45,000.
The six initial sites are in Ottawa, Edmonton, Winnipeg, Toronto, Longueuil, which., And Dartmouth, ns
The construction of these 4,000 homes is expected to begin next year, according to a government official who talks about a history.
The conservative leader Pierre Poilievre has criticized the Carney Approach for Housing, saying that the prime minister is only adding a new layer of bureaucracy.
Earlier this week, the conservative leader urged Carney to adopt their own housing policies, saying that the government should encourage municipalities to accelerate the permissions process and eliminate their development rates by linking infrastructure funds to housing construction.
Pailievre also modified two of its campaign promises, saying that the Government should eliminate the capital gains tax on money reinvested in housing construction and eliminate the Federal Sales Tax of five percent over all housing purchases below $ 1.3 million.
A report by the Canada Mortgage and Housing Corporation (CMHC) published earlier this month said that the general homes begin in the first six months of this year were close to the historical maximums.
But the agency also identified concerns in two of the most expensive real estate markets. He said Toronto is at the pace of his lowest annual housing in 30 years and reported a deceleration in the construction in Vancouver compared to 2024.
In Toronto, the construction of new condominiums fell by 60 percent in the first half of 2025, and the agency predicts that for at least two more years, the house begins in the largest city in the country will be well below what is necessary to restore affordability.
The CMHC report also found that housing construction was working near a record rate in the first half of this year in cities such as Calgary, Edmonton, Montreal, Ottawa and Halifax, driven by the construction of rental apartments.
The agency projected that the general beginnings of the Housing of Canada must almost double by 2035 to meet the demand, increasing to 480,000 homes per year.
