Budget office sees modest boost in housing supply from Build Canada Homes
Build Canada Homes will add 26,000 units, a 2.1% increase in supply, but overall federal housing spending will decline 56% over three years, the Parliamentary Budget Office projects.
- A report by the Parliamentary Budget Officer predicts Build Canada Homes will produce 26,000 new homes in the next five years, contributing to a 2.1% increase in Canada’s housing supply.
- The report estimates Canada will need 690,000 additional homes by 2035, with Build Canada Homes addressing only 3.7% of that shortfall.
- Funding for federal housing programs is expected to decline by 56%, from $9.8 billion in 2025-2026 to $4.3 billion in 2028-2029, due to expired and cut programs.
- Housing Minister Gregor Robertson mentioned future spending includes an additional $51 billion for housing infrastructure, aimed at attracting more private investment.
34 Articles
34 Articles
Carney’s Pledge to Double Homebuilding in Doubt, Watchdog Warns
Canada’s budget watchdog estimates the government’s new housing agency will only build 26,000 homes over five years, leaving the country far from its target of doubling housing construction over the next decade.
Feds to reduce housing spending by half, build only 26,000 homes: Budget watchdog
Spending on housing programs will decline by more than half over the next four years with the federal government’s $13-billion signature housing initiative leading to the construction of just 26,000 new homes, a new parliamentary budget officer report says.
Budget Watchdog Says Impact of Government’s Home-Building Plan to Be ‘Modest’
The Liberal government’s Build Canada Homes initiative, billed as a way to help double the pace of housing construction, will create just 26,000 housing units over five years, representing a 2.1 percent increase in housing completions, according to the Parliamentary Budget Officer (PBO). Build Canada Homes, a new federal agency intended to create housing through direct construction and support for construction and acquisitions, has allocated $7.…
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