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 $7.3 billion in planned spending over the next five years.
The PBO estimated that Build Canada Homes would represent a “modest contribution toward housing supply and affordability,” with the addition of about 26,000 units over five years. It estimates that of the 26,000 new housing units, 13,000 will be for low-income households.
