US EditionLiberals promise to build nearly 500,000 homes per year, create new housing entity
- On March 31, Liberal Leader Mark Carney, at the College of Carpenters and Allied Trades in Vaughan, Ontario, released his party's housing platform, promising to boost residential construction.
- Carney presented the housing package as a response to U.S. Tariff threats, citing current high housing costs as due to limited supply and aiming to build at a pace not seen since the Second World War.
- The Liberal plan includes creating a new federal entity called Build Canada Homes to act as a developer, issuing bulk orders from manufacturers, and providing $10 billion in low-cost financing, with $6 billion earmarked for deeply affordable housing and $2 billion for student and senior housing.
- Carney stated, "My new Liberal government is flipping the script on housing with a new approach to build faster, build smarter and to build more affordably," while promising to halve municipal development charges for five years, potentially saving about $40,000 for a two-bedroom apartment in Toronto.
- Conservative Leader Pierre Poilievre, who also campaigned on boosting housing, has a different approach, promising to cut existing federal housing programs like the Housing Accelerator Fund to offset tax breaks such as waiving the GST for new homes under $1 million, while NDP Leader Jagmeet Singh proposed using federal Crown land to build over 100,000 rent-controlled homes in the next decade.
33 Articles
33 Articles
St Catharines Standard
The RecordLiberals announce ‘Canada’s most ambitious housing plan since the Second World War’
Liberal leader Mark Carney has announced what he is calling Canada’s most ambitious housing plan since the Second World War, promising to double the pace of construction to nearly 500,000 new homes annually if elected.
Liberals announce 'Canada’s most ambitious housing plan since the Second World War'
Liberal leader Mark Carney has announced what he is calling Canada’s most ambitious housing plan since the Second World War, promising to double the pace of construction to nearly 500,000 new homes annually if elected.
The urgent need to solve the 'cost to build crisis' in the GTA this election
As economic uncertainty looms, with the ongoing U.S. tariff threats and geopolitical turmoil, the stakes in this federal election are high for Canada's economic and societal future. To put it plainly, now more than ever is the time for governments to invest in housing. Building homes in the GTA builds our country’s economy, protects Canadian jobs and supports domestic industries from coast to coast.
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