Even if we double home building, buying a house is expected to become less affordable for nearly half the country
The federal government wants to build 480,000 homes a year over the next decade to restore housing affordability to pre-pandemic levels. That’s double our normal rate and a pace not seen since the Second World War.
They’ve put some money and resources behind the effort: Along with the new federal agency Build Canada Homes, Budget 2025 included other measures to ramp up activity, such as a fund only accessible to provinces that lower construction-related taxes.
