Maisons Canada ne comblera pas le déficit en logement, selon le DPB
AI Article Summary
The Parliamentary Budget Officer forecasts that Canada's new federal agency, Homes Canada, will only partially address the housing market deficit despite a $13 billion investment. Federal spending on housing programs is projected to decrease by 56% over the next three years. The program plans to add 26,000 units, half of which will be affordable housing for low-income households, yet it falls short of the needed numbers to restore affordability. The government's promises to double housing construction lack a concrete plan.
What This Means for Canadian Contractors
For Quebec builders, this means the forecasted reduction in federal spending may complicate access to funding for new construction projects. Builders may need to look towards solutions like prefabrication or seek private partnerships to compensate for the lack of public support. This situation also necessitates heightened attention to managing timelines and costs as the demand for affordable housing remains strong.
