House Standing Committee on Finance (February 13, 2024)
ANNEX G: Canada’s Housing Action Plan
In the 2023 Fall Economic Statement, the federal government introduced new measures to incentivize the construction of new rental housing, protect renters and homeowners, and make it easier for Canadians to get those first keys of their own. These measures include:
- Financing for apartment construction: $15B in loan funding starting 2025
- Financing for affordable housing: to repair, renew, build new, affordable housing including co-op and public housing
- Removing GST from new co-op rental housing
- $309.3 million in new funding for the Co-operative Housing Development Program
- Repurposing More Federal Lands for Housing
- $4 billion Housing Accelerator Fund to help cut red tape and fast-track the creation of at least 100,000 new homes across Canada