Transport Canada
A Plan to Grow Our Economy and Make Life More Affordable, the Government of Canada makes targeted and responsible investments to create good jobs, grow our economy, and build a Canada where nobody gets left behind.
Today, the Minister of Transport, the Honourable Omar Alghabra, announced investments from Budget 2002 to make housing more affordable for Canadians. Budget 2022 measures that will build more homes and make housing more affordable across the country include:
- Putting Canada on the path to double housing construction over the next decade;
- Helping Canadians buy their first home;
- Protecting buyers and renters;
- Curbing unfair practices that drive up the price of housing;
- Continuing to fight homelessness and support housing affordability, particularly for the most vulnerable; and
- Offering additional funding to address housing needs of Indigenous Peoples.
To help double rate of construction over the next 10 years, make our housing and building stock more environmentally friendly, and address homelessness, the federal government is proposing a range of measures that will:
- Incentivize cities to build more homes and create denser, more sustainable neighbourhoods to increase housing supply;
- Support those in need of affordable housing by building new affordable units faster;
- Create a new generation of co-op housing through the largest investment in new co-op housing in more than 30 years;
- ·Accelerate retrofits and build more net-zero homes in communities across Canada so that people can save on energy bills; and
- Support those experiencing or at risk of homelessness by continuing to provide doubled annual funding for Reaching Home; building new affordable units for the most vulnerable; continuing work to end chronic homelessness; and introducing a new program to combat veteran homelessness.
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