Liberals promise to build nearly 500,000 homes per year, create new housing entity
Liberals promise to build nearly 500,000 homes per year, create new housing entity
VAUGHAN, Ont. - Liberal Leader Mark Carney says his government would double Canada’s rate of residential housing construction over the next decade to nearly 500,000 new homes per year.
Anytime someone wants to build housing, they better be increasing regulations to prohibit investment housing. Housing is meant to give people shelter and home, not make investors rich.
The fact that they're creating a crown corporation to build homes on public and private land is huge. This includes prefab and modular homes too. They're even committing to using Canadian lumber.
We cannot contunue to rely on capitulating to and deregulating private developers and expecting them to act in any way other than own self-interest. They have no incentive to bring down the cost of homes. It is now crystal clear that the neo-liberal solution does not work.
A crown corporation that exists to create housing rather than maximize shareholder value is a massive step in the right direction. Frankly, I'm surprised Carney is doing this but happy about it all the same.
I expect Carney to get pushback from Doug Ford who is firmly in the pocket of private real estate investors.
We cannot contunue to rely on capitulating to and deregulating private developers and expecting them to act in any way other than own self-interest. They have no incentive to bring down the cost of homes. It is now crystal clear that the neo-liberal solution does not work.
I'm hoping to see more details about how production will be split. The article/release describes the new organization as both overseeing and building. I really want the emphasis to be on building, since that will allow them to push down sale or rental costs of the final product. .
I listened to his speech. He's talking in no uncertain terms that he's going for a post-war style build-out. He also pointed out that the market hasn't delivered and won't solve our housing crisis.
This is exactly what's need on high level.
I agree, but I'm also acutely aware that it is campaign season, and the LPC has a nasty habit of running left and governing right.
If we wind up with a Liberal minority with Conservatives in opposition, or with a Liberal majority, I honestly fully expect this to get dropped or strategically undermined the way electoral reform did.
In other words, we're gonna have to be ready to fight for it.
100%
That said, I think there's a better chance this to materialize because I think Carney knows he'll lose the next election if he doesn't deliver on this file. This isn't 2015 when things were not great but tolerable. We have a huge homeless population which is not limited to the largest cities anymore, and the cost of housing is hitting every part of the economy. The knife has hit the bone for way more people today than even a few years ago. So while I completely agree with the skepticism, I have a sliver more optimism this time around.
It's a breath of fresh air to hear an actual plan that sounds like it would actually work. This is what Carney is here for.
As you'd expect from the central banker whiz kid, he has creative policy ideas. I'm pretty excited to see the budget split into separate maintenance and investment budgets if he gets in, and now this.
That being said, there's definite notes of what Gould was talking about here. It's just way, way more focused and detailed. I'd give a summery, but the CBC version, at least, already feels like a summery.
OK, this sounds like a real plan. I really like they are paying attention to prefab construction.
Prefab is not as useful as it sounds. Houses are already factory made - they just bring the factory to the site on a truck. Most of the parts are already pre-cut in a separate factory, only a small minority need to be cut. They just take parts and put them together.
Most prefab attempts are cheaper only because quality standards are lower.
? Woodframe construction starts with lifts of lumber dropped onsite after a basement is poured, you cut what you need as you go off the prints. You'll probably get a truss package and chances are you'll have your trilam and silentfloor joists delivered at the correct lengths or slightly long, that's about it for pre-made pieces. I've helped a relative frame new houses over the winter for the last 5 or 6 years.
They should be pushing to restrict these rental company assholes from buying all the houses and preventing potential owners from getting them. "Landlord" is not a job.
They should only allow Build Canada Homes to sell to first time home buyers, Co-operatives, and not-for-profit Community Land Trust.
Corporate and "mom and pop" investors must be barred from buying these units. Otherwise, the problem will not go away.
As long as most of this money goes mainly towards high density housing, it's not a whole lot but infinitely better than what I was hearing just a few days ago. We don't need houses three hours drive away from work, but homes where people can not only live in, but around.
I really hope this new organization will have the power to ignore NIMBY organizations while listening to city councils for advice. At the very least I hope they get things done directly plotting out and signing building contracts rather than simply instructing and funding individual municipalities and delegating. We can't have people divert this desperately needed money for homes to be diverted towards private projects and making political buddies wealthier.
Force the rich to sell their multiple houses too. Tax their wealth and they won't have a choice. 3rd homes should get taxed at 10% of their value or more. Let's stop kidding around. That'll force them to divest fast as fuck.
This is exciting news!
Now, what do we do when our Provincial or Municipal governments become the barrier to housing? Because lord knows that Doug Ford is fully capable of screwing this up.
Remember when the Liberals also promised the 2015 election would also be the last under FPTP?
I'm willing to give a 2nd chance after a decade
I understand the commendable instinct to give another chance, but this isn't about a one-time broken promise - it's about a century-long pattern. Liberals have promised proportional representation since 1919, starting with Mackenzie King.
The 2015 promise wasn't just casually broken - Trudeau literally admitted last year that Liberals were "deliberately vague" to appeal to electoral reform advocates while never intending to implement proportional representation.
Just last year, 107 Liberal MPs (68.6% of their caucus) voted against even creating a Citizens' Assembly to study electoral reform, despite 76% of Canadians supporting it.
This isn't about partisan politics - it's about our declining democracy. Canada's effective number of parties is down to 2.76, showing we're sliding toward an American-style two-party system under Duverger's Law.
In a democracy, citizens deserve representation. Every election under FPTP means millions of perfectly valid votes are discarded. How many more decades should we wait?
I'll never forget, but that doesn't really have much to do with this.
Good luck finding a party that always follows their promises exactly.
This isn't just about a party not following "promises exactly" - it's about a fundamental democratic reform promised and then deliberately abandoned. The electoral reform promise wasn't a minor policy detail; it was presented as a pillar of their platform with Trudeau stating it over 1,800 times.
When a government makes a major promise about democratic reform and then breaks it, it directly undermines their democratic legitimacy to make all other promises. This pattern goes back a century - Liberals have campaigned on proportional representation since 1919, starting with Mackenzie King.
In 2024, Trudeau even admitted they were "deliberately vague" about electoral reform to appeal to advocates while never intending to implement proportional representation.
Housing promises matter deeply, but they're built on the same democratic foundation that was undermined by this broken commitment. A government elected through a system where millions of votes don't count is structurally limited in its ability to represent Canadians' actual preferences on any issue, housing included.
double Canada’s rate of residential construction housing over the next decade to nearly 500,000 new homes per year.
So it sounds like the goal is 500k houses a year at the end of a decade. I assume that means 230k-ish this year, slowly ramping to 500k in 2035. It only needs to be an extra 27k/year to make that goal.
CMHC says we need ~3.5 million houses by 2030 to get housing costs back to reasonable levels. I really want this proposal to be good, but it doesn't seem like it will be enough.
Is it better than nothing? That depends on who controls the final prices, and how much gets built.
Do you know if the CMHC analysis considers decreasing the housing costs by increasing supply till the market is forced to decrease prices, or whether it's considering public intervention like building low cost housing and selling it at cost?
The article says it'd oversee "affordable housing construction" so we'll have to wait and see how they intend to make it affordable.
with this one?
non paywalled: https://www.cbc.ca/news/politics/carney-double-pace-home-building-1.7497947
It's something. Not clear it has to be public-private partnership, or focus on manufactured housing. 4 story apartment buildings is a good mix of density and low cost. CMHC made a lot of this post war baby boom.
Seems like some of the funding is for this.
The plan announced today by the Liberals would create a new federal housing entity that the party says would oversee affordable housing construction, speed up construction and provide financing to homebuilders.
Carney says the new agency, Build Canada Homes, would act as a developer to build affordable housing at scale, including on public lands, and develop and manage projects.
I really want to see the details on this one.
The second paragraph suggests BCH would do the building, while the first paragraph's "oversee" suggests existing developers would do the work. If BCH will finance construction, control where/what gets built, and control the final cost to buyers, then this has the potential to sell decent housing at below-market prices. That could start diffusing the housing crisis (although other reforms are necessary to improve costs in the near term).
That would be very different from what the Liberals and CPC have been proposing so far, which is to ask developers to pwetty pwease lower sale costs by making it easier and cheaper to build. It's hard to be optimistic given their track record.
Would love if the government is finally going back to its strategy from the 70s and taking charge here to build affordable housing instead of waiting for magical altruist developer unicorns to swoop in and save us.
Sounds like the new entity would do all of the above. Which makes sense. If they're builders willing to build what the government wants, they'll gett the money. But the government won't wait for such developers to volunteer. Instead it'll start the development itself, perhaps hiring developers to execute the actual building.
But the government won't wait for such developers to volunteer. Instead it'll start the development itself, perhaps hiring developers to execute the actual building.
That's what I'm afraid of: Canadian transit has suffered due to that kind of public/private partnership.
Whatever arrangement the new crown corporation arrives at, I hope they're able to keep costs down.
In the video this article is based on, Carney says he will create an entity called "Build Canada Homes" that "will act as a developer on new, affordable housing projects."
couldn't couple this point...
Not good enough. We need at least 1 million new homes a year. We need to force municipalities to allow for mixed-use zoning so that we don't only create single-family homes in suburbs that are largely disconnected from transit and amenities. We need to discourage urban sprawl and incentivize mass transit.
The Liberals know this because they talk to developers and municipalities and want their centrist "compromise" to be the solution. It won't be, it'll just be another half-measure that the Conservatives can point to when they want to highlight the poor spending choices of the opposition.
Not good enough is a stepping stone to good enough and a great starting point for done.
Reward what works, disengage what doesn't, and promote ideas that can grow.
Sceptism is important, dissent is healthy, but recognizing what will progress society and putting effort into that is what's needed now.
The problem is building an insufficient number of homes, below the rate of population growth, at government expense, costs taxpayers money without solving the problem. Worse, it takes the place of effective solutions.
When we learn more about this proposal, we can understand if it would lower the cost of housing. Until then, skepticism is warranted.
Part of the problem is traditional suburban zoning tends to be too expensive in the long run for cities to maintain due to lots of infrastructure and low density for taxation. Moving away from prioritizing suburbia and focusing government efforts more on density could spur the changes we need and build more homes from the government investment. It could add more housing while minimizing the additional infrastructure costs the city has to take on to accommodate the housing.
The Canada Housing Accelerator Credit is already the federal level incentive for density-favoured zoning. Zoning is handled by the provinces who can override municipalities, but the feds can't override provinces re: housing. Poilievre's platform is to revoke payments to provinces as punishment for not meeting housing quotas, but this is only going to get provinces more in debt and the budget crunch will only make building housing more difficult.
We need at least 1 million new homes a year
So a crown corporation building homes to get construction to half that level is good. And provinces can bolster that with appropriate zoning changes to spur provincial, municipal public and private development to get to that million target. Sitting back and complaining about the whole plan because it's not the silver bullet isn't helpful here.
I don't really see how I can be helpful here since I'm not a municipal official or an elected representative, complaining is really all I am able to do as an average person.
I'm tired of being promised change only to be met with half-measures that get scrapped by the next party in power. Aren't you sick of every policy being a version of "we'll commit to making things slightly better over the next 10 years, when we're no longer accountable for our failures"?
I'm tired of mediocrity being celebrated because the alternative is societal regression. So yes, I'm complaining. Oh no, how terrible.