Ottawa is soliciting feedback from governments, builders and other housing experts on the plan for Build Canada Homes. The idea is to spur private developers to adopt new technology to build cheaper and faster, and dramatically increase the stock of affordable housing. (The Logic)
Talking point: During his election campaign, Prime Minister Mark Carney promised to double the rate of home construction in Canada. His platform promised $41 billion to build, finance, and incentivize construction, but the new Liberal government has said little about the plan since. In a six-page consultation document, the federal government said the agency would focus on a small number of big deals to expand builders’ affordable housing portfolio. It would also act as a developer by working directly with contractors to take on some of the financial risk.