# Housing agency vows to build as Canadian prices plunge

> Build Canada Homes pledges to boost housing supply amid Canadian home price crash.
- Title: Housing agency vows to build as Canadian prices plunge
- Summary: 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…
- Keywords: build canada homes, canada, housing, home prices, affordable housing, prime minister mark carney, ana bailao, money, business, agency, vows, build
- Source: Financialpost — https://financialpost.com/real-estate/carneys-housing-agency-vows-to-build
- Read time: 1 min
- Topics: build canada homes, canada, housing, home prices, affordable housing, prime minister mark carney, ana bailao, money, business
## 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.
## Key takeaway

Build Canada Homes aims to construct 26,000 affordable units over five years to address Canada's housing shortage after prices dropped 20%.