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Ottawa Launches $13B Push for Affordable Housing Through Build Canada Homes

Prime Minister Mark Carney walks up the stairs as he tours a new modular home being built by Caivan Homes, at an announcement for the new federal agency Build Canada Homes, in Ottawa on Sunday, Sept. 14, 2025. Prime Minister Mark Carney has unveiled Build Canada Homes , a new federal agency tasked with accelerating affordable housing construction across the country. Backed by a $13 billion budget , the agency will oversee the development of 4,000 housing units on six federally owned sites in Dartmouth, Longueuil, Ottawa, Toronto, Winnipeg, and Edmonton. The initiative aims to tackle Canada’s housing shortage by offering financial incentives to builders, reducing upfront costs, and streamlining the permitting process. Carney emphasized that unlocking federal land for housing will help lower construction expenses, ultimately reducing rents and home prices for Canadian families. Build Canada Homes will prioritize modern, cost-efficient building methods such as modular and mass timber...
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Canadian Home Sales See Steady Growth in September

 

In September 2024, Canadian home sales experienced a notable increase, rising by 1.9% compared to the previous month. This marks a significant annual growth of 6.9%, according to data released by the Canadian Real Estate Association (CREA) on Tuesday.

The uptick in sales comes in the wake of the Bank of Canada’s third interest rate cut this year, which has contributed to a more favorable borrowing environment for homebuyers. Despite the increase in sales, the number of properties listed for sale remains below historical averages, with 185,427 properties available on Canadian MLS® Systems at the end of September.

This steady growth in the housing market reflects a resilient demand for homes across the country, even as economic conditions fluctuate. The continued interest rate cuts are expected to further stimulate the market, potentially leading to more robust sales figures in the coming months.


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