US EditionFederal Government Invests to Prevent and Reduce Veteran Homelessness Across Canada
The federal budget allocates $13 billion to accelerate home construction and eliminates GST for first-time buyers, aiming to ease housing affordability pressures on young Canadians.
- Last week, Prime Minister Mark Carney unveiled Budget 2025, reaffirming a pledge to eliminate GST for first-time homebuyers on homes at or under $1-million and committing $13-billion to double construction through the Build Canada Homes agency.
- More than half of Canadians aged 18 to 34 said the housing crisis affected their decision to start a family, as young Canadians face crushing mortgages and record-high unemployment.
- The government said the Buy Canadian rollout includes nearly $186 million, with $98.2 million over five years and $9.8 million ongoing to Public Services and Procurement Canada for policy implementation.
- The Canadian Home Builders' Association said Ottawa missed expanding GST relief and warned red tape and developer taxes rose 700 per cent, while critics noted omitted pharmacare and fertility funding last week.
- Officials say the Buy Canadian Policy will channel 70 billion in additional public investment to strengthen supply chains and create jobs across sectors.
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Build Canada Homes Accelerates Affordable Housing in Ottawa
OTTAWA, ON, Nov. 12, 2025 /CNW/ - Changes in the global trading system are causing massive disruptions and uncertainty for Canadians. The world has changed, and Canada's economic strategy must change. Budget 2025: Canada Strong is our plan to transform our economy from one that is reliant on a single trade partner to one that is stronger, more self-sufficient, and more resilient to global shocks. This budget is a plan to enable $1 trillion in in…
One week before the last vote of confidence on the federal budget, Prime Minister Mark Carney does not suggest any last-minute concessions to the NDP and the Green Party.
The federal government's budget, released last week, failed to deliver on all of Carney's campaign promises aimed at easing the economic burden on young people. The budget extended Employment Insurance benefits and reaffirmed promises of tax cuts for first-time homebuyers, but lacked new investment in drug benefits and also broke previous promises regarding maternity benefits.
The 5-Minute Investor Podcast, Ep. 36: Stocks to leverage Carney budget
Welcome to episode 36 of The 5-Minute Investor Podcast, where Stockhouse columnists Jonathon Brown and me, Trevor Abes, each deliver a 2.5-minute stock profile related to recent news stories with investment implications. This week, we’re talking about two market-beating stocks positioned to benefit from new incentives in Prime Minister Mark Carney’s first budget. Here are Jon’s show notes for episode 36: Bombardier is ready to soar on Canada’s d…
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