Budget office sees modest boost in housing supply from Build Canada Homes
Construct Connect Canada
AI Article Summary
The parliamentary budget office in Ottawa predicts a modest increase in housing supply following the launch of the new federal agency, Build Canada Homes. With $13 billion allocated for loans, financing, and land acquisition, the initiative aims to address the affordable housing gap. However, the impact is expected to be minor.
What This Means for Canadian Contractors
This project shows how federal initiatives can selectively impact the housing market, offering opportunities for contractors in terms of funding and permits for affordable housing projects. For Canadian builders, this means being alert to opportunities in the residential sector, particularly involving publicly funded projects.
