An Act respecting the establishment of Build Canada Homes
Bill C-20 (45-1) is the Carney Liberal government's flagship Build Canada Homes Act establishing the federal Build Canada Homes Corporation, a Crown corporation designed to scale federal-housing-construction-and-financing. The Carney government's 2025 housing-policy framework targets 500,000 new homes built annually by 2030 (versus the current rate of approximately 240,000 starts in 2024 per CMHC data). Build Canada Homes will administer the existing $4-billion Housing Accelerator Fund, the $14-billion Affordable Housing Innovation Fund, the $6-billion Canada Housing Infrastructure Fund, plus a new federal-construction-grants program. Pioneered the model on the Wartime Housing program of 1941-1949 which built approximately 35,000 federal homes.
Status
Quick learn
Creates a federal Crown corporation called Build Canada Homes whose job is to build affordable housing on federal land. Unlike the existing CMHC, which mostly lends and underwrites, this agency would itself develop and own units.
Issues this bill touches
- Housing
Creates Build Canada Homes, a federal entity to accelerate large-scale public-land housing development.
Legislative history
- First reading
First reading in the House of Commons.
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Second reading in the House of Commons.
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Sponsored by
Nathaniel Erskine-SmithLIBERALOfficial source
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