Carney’s new housing agency will have ‘modest’ impact, says PBO
Global News
AI Article Summary
Build Canada Homes (BCH) is a new federal agency established in September to address Canada's housing crisis. However, the Parliamentary Budget Officer (PBO) report suggests that its impact will be modest. The agency's effectiveness in significantly alleviating housing issues may be limited according to the report.
What This Means for Canadian Contractors
For Canadian builders, this means that while the new agency may provide additional resources or programs, it is unlikely to lead to large-scale changes in permits or funding cycles. Projects may still face typical challenges in obtaining approvals and financing. Builders should plan for continuing constraints in the housing sector supply chain and prepare for gradual improvements rather than immediate shifts.
