From Financialpost · · 50s
Housing agency vows to build as Canadian prices plunge
Build Canada Homes pledges to boost housing supply amid Canadian home price crash.
In brief
Build Canada Homes pledges to boost housing supply amid Canadian home price crash. Build Canada Homes aims to construct 26,000 affordable units over five years to address Canada's housing shortage after prices dropped 20%. Originally reported by Financialpost.
Market slump hits housing
Canadian home prices have plunged 20 percent, leaving thousands of unsold condominiums empty.
Build Canada Homes leader
Ana Bailão, CEO of Build Canada Homes, says the country needs more housing supply regardless of market cycles.
Affordable housing target
Build Canada Homes aims to create 26,000 affordable units over five years using $13 billion in government funding.
Current progress
The agency has committed funding to 19,000 affordable units, with 2,300 under construction.
The headline
Build Canada Homes aims to construct 26,000 affordable units over five years to address Canada's housing shortage after prices dropped 20%.
