There's lots of very encouraging news on the housing front actually. The average Canadian house price continues to fall: 20% down from the peak and continuing down. The government has been in power for less than 13 months but has done more on the housing front than the Trudeau government did in 9+ years:
1. Launch of Build Canada Homes (BCH): A new federal agency created to act as a developer, building affordable housing at scale on federal lands. The agency has prioritized projects in major cities including Toronto, Ottawa, Vancouver, and Winnipeg, with plans for a "direct-build" approach utilizing prefabricated, factory-built housing.
2. $8.8-Billion Ontario Partnership: In March 2026, the federal government partnered with Ontario to cut municipal development charges by up to 50% for three years to stimulate stalled building projects. This deal includes $4.4 billion in federal funds over 10 years to support housing-enabling infrastructure.
3. Tax Relief and Incentives: The government is removing the 13% HST on new homes in Ontario for homes valued up to $1 million, with a maximum rebate of $130,000 for homes up to $1.5 million. This is in addition to previously announced GST eliminations for first-time buyers.
4. Increased Housing Target: The Liberal plan aims to double the current rate of residential construction to reach 500,000 new homes per year.
Rental Protection Fund: A $1.5-billion Canada Rental Protection Fund is being launched under BCH to support the acquisition of at-risk affordable rental units by the community housing sector.
5. Conversion Initiatives: Policies are in place to encourage the conversion of existing vacant or underutilized structures into affordable housing.
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ELBOWS UP CANADA, ELBOWS UP UKRAINE, ELBOWS UP GREENLAND
CANADA, EUROPE, NZ, AUSTRALIA, JAPAN, MEXICO STRONG
US REPUBLICANS/MAGA/ICE NOT WELCOME HERE, STAY OUT
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