$1.7B to help provinces lower cost of homebuilding
The federal government is proposing a $1.7-billion fund to help provinces and territories lower the cost of construction and get more homes built.
The federal funding is meant to help reduce development fees or other levies on new housing to speed up the pace of construction in Canada.
With respect to this particular program, we’re going to rely on our provincial and territorial partners to use that money in the most efficient way to increase the supply.
While Prime Minister Mark Carney’s Liberal government has set an ambitious goal of doubling the pace of homebuilding in Canada, the hodgepodge of regulations, zoning restrictions and other barriers across provincial and municipal jurisdictions has been an obstacle to scaling up construction.
The formula dictating how much of the $1.7-billion pie each province and territory would receive is based in part on declining home sales and long-standing housing affordability challenges in each market.
Stalled home sales and falling prices in some markets across Canada can discourage builders from breaking ground on new projects because they don’t see a business case for adding supply.
Full Read:
- canadianmortgagetrends.com/
- https://www.canadianmortgagetrends.com/2026/03/ottawa-proposes-1-7b-fund-to-help-provinces-lower-cost-of-homebuilding/
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