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Liberals 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.
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Noovo Info broke the news in on Monday, March 31, 2025.
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