Flagship Housing Effort, Build Canada Homes
Budget 2025 is framed as a “generational” plan to rebuild Canada’s economy, and long-term nature of the government’s investments in housing, infrastructure, and productivity.
The government is also committing $115 billion for new infrastructure spending over five years.
Budget reinforces existing housing strategy
$13 billion for the government’s flagship Build Canada Homes initiative.
“Canada faces a steep housing supply gap that threatens affordability, opportunity, and the ability for Canadians to build their lives here at home,” said Finance Minister François-Philippe Champagne.
Mortgage Professionals Canada said it welcomes the federal government’s continued focus on housing and affordability measures, particularly the previously announced removal of the GST on new homes for first-time buyers.
More on housing.
Full Read: Canada Mortgage Trends