Liberal Housing Promise: 500,000 New Homes or Empty Gesture?
Liberal Leader Mark Carney unveiled a plan to dramatically increase Canada’s housing construction rate to nearly 500,000 new homes annually within the next decade. This involves establishing a new federal agency, Build Canada Homes, to facilitate affordable housing construction and provide over $35 billion in financing to builders. The initiative prioritizes prefabricated and modular housing, along with streamlining municipal regulations to lower building costs. The plan aims to address Canada’s housing affordability crisis while simultaneously boosting job creation and economic growth.