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Carney Launches $13 Billion Housing Initiative Amid Criticism

9/14/2025

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Summary

Story summary

Prime Minister Mark Carney launched Build Canada Homes on September 14, 2025, to manage federal housing programs.
The agency plans to construct 4,000 homes on federal lands across six cities, with an initial budget of $13 billion, including $1 billion for transitional housing.
Ana Bailão, a former Toronto city councillor, will lead the agency as CEO.
Conservative Leader Pierre Poilievre criticized the initiative for increasing bureaucracy and delaying construction.
A CMHC report revealed Toronto's housing starts reached a 30-year low, while other cities experienced record construction rates.

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Story summary

Prime Minister Mark Carney launched Build Canada Homes on September 14, 2025, to manage federal housing programs.
The agency plans to construct 4,000 homes on federal lands across six cities, with an initial budget of $13 billion, including $1 billion for transitional housing.
Ana Bailão, a former Toronto city councillor, will lead the agency as CEO.
Conservative Leader Pierre Poilievre criticized the initiative for increasing bureaucracy and delaying construction.
A CMHC report revealed Toronto's housing starts reached a 30-year low, while other cities experienced record construction rates.