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Canada launches $16B housing agency to double construction and tackle rising homelessness.
Canada has launched Build Canada Homes, a new federal agency aimed at accelerating affordable housing construction, backed by $1.5 billion in additional loans and $16 billion in total federal investment.
The initiative seeks to double housing construction rates over the next decade, working with governments and Indigenous communities to build thousands of units quickly.
Amid rising homelessness—up 12% in a year and over 80,000 Ontarians homeless in 2024—advocates urge the government to prioritize sustainable building practices, such as electric heat pumps and geothermal systems, to reduce emissions without compromising affordability.
Canadá lanza una agencia de vivienda de $ 16 mil millones para duplicar la construcción y abordar el aumento de las personas sin hogar.