The Decibel Mark Carney’s plan for affordable housing
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Sep 18, 2025 Nojoud Al Mallees, an Economics reporter for The Globe and Mail with a focus on housing and public policy, dives into Prime Minister Mark Carney's new initiative, Build Canada Homes. She outlines the agency's mission to create affordable housing and discusses the initial $13B funding. The conversation touches on innovative construction methods like modular builds, regulatory challenges, and potential impacts on the housing market. Al Mallees also shares insights on political reactions and concerns about bureaucratic delays amid a pressing housing crisis.
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Agency Focuses On Non-Market Housing
- Build Canada Homes will focus on building affordable, non-market housing and catalyzing private investment.
- It will provide financing, use public land, and push construction innovation like modular housing.
Initial Funds Announced, Most Unallocated
- The government announced a $1 billion fund for transitional and supportive housing and other initial projects.
- Most of the $13 billion remains unallocated and Build Canada Homes will decide specific uses.
Government Acts As Facilitator Not Builder
- The federal government will not directly build homes; it will partner with private developers instead.
- Build Canada Homes will offer low-cost financing, land, and approvals to make projects viable.