Changes in the global trading system are causing massive disruptions and uncertainty for Canadians. The world has changed, and Canada's economic strategy must change.
Budget 2025: Canada Strong is our plan to transform our economy from one that is reliant on a single trade partner to one that is stronger, more self-sufficient, and more resilient to global shocks. This budget is a plan to enable $1 trillion in investments over the next five years. This is a plan for Canada to give ourselves more than any foreign government can take away - a plan to build Canada strong.
Central to that plan is building - major infrastructure, thousands of more homes, and strong communities. To that end, the Government of Canada launched Build Canada Homes which will help double the pace of homebuilding over the next decade to increase housing supply, alongside other measures. It will also transform public-private collaboration and deploy modern methods of construction, as it catalyses the creation of an entirely new Canadian housing industry. This new federal agency will build affordable housing at scale, including transitional and supportive housing, deeply affordable and community housing, and affordable homes for the Canadian middle class. Build Canada Homes is responding to the housing challenges Canadians are facing with bold action.
Today, Mike Kelloway, Parliamentary Secretary to the Minister of Transport and Internal Trade, announced that Build Canada Homes is accepting Requests for Qualifications (RFQ) for the partial redevelopment of the Northeast corner of the Village at Griesbach property, a prime site prioritized for a Direct Build approach using modern construction methods to accelerate affordable housing delivery in Edmonton.
The Northeast corner of the Village at Griesbach is the final portion of land to be redeveloped within the community, which will ultimately comprise 2,400 homes, adding to already enabled 5,300 units in the Village. Two parcels at the Northeast corner will be earmarked for the Direct Build project, resulting in 355 homes. Village at Griesbach already includes affordable housing programs delivered by organizations such as Métis Capital Housing Corporation and HomeEd, reinforcing its role as a hub for inclusive housing solutions.
Build Canada Homes will transform public-private collaboration and deploy modern methods of construction, as it catalyses the creation of a more productive Canadian housing industry. It will leverage public lands, offer flexible financial incentives, attract private capital, facilitate large portfolio projects, and support modern manufacturers to build the homes that Canadians need.
The past year has revealed there are limits to Canada's economic independence. Budget 2025 is tackling that challenge head on. It is our plan to take control and build the future we want for ourselves. It is our plan to build Canada Strong.
