Feds to Invest $13B in New Build Canada Homes Program

The federal government is investing $13 billion in the new Build Canada Homes program, which aims to expedite affordable housing construction across Canada. The initiative plans to use federal land, partnerships, and financial tools to double housing supply and reduce homelessness, with an initial focus on six federal sites. Additional funding will go towards rental protection, transitional housing, and partnerships with Indigenous communities. Ana Bailão has been appointed CEO, and the program will prioritize using domestic materials to counter US tariffs.