Ottawa proposes C$1.7 billion to cut building costs and speed up housing supply
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Canada’s federal government has introduced Bill C-26 to provide C$1.7 billion to provinces and territories, aiming to boost housing supply and support measures that lower the cost of new home construction. The move places housing at the centre of Ottawa’s economic response as affordability pressures continue to shape life in major Canadian cities.
According to the Department of Finance, the proposed funding could be used for measures such as reducing development fees and other levies on new housing projects, while also topping up existing provincial and territorial programs designed to move construction forward faster. Ottawa is framing the bill as a way to keep projects alive, reduce friction, and help get more homes built sooner.
The government also says weak new-home sales, now below historical levels, are hurting future supply and putting added pressure on construction jobs and skilled trades. It has tied the proposal to a broader housing package worth about C$40 billion, alongside the new Build Canada Homes agency, which is meant to accelerate the construction of transitional, supportive, affordable, and community housing.
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Tahani Elghazaly5252 Posts
