Right now, in cities across the country, it is too hard to build the housing we need, particularly affordable housing. Housing policies are often barriers to producing results and many Canadians – from young families to seniors to newcomers – are finding it harder to find an affordable place to call home. It is clear that we need to accelerate change so the system works for all Canadians.
Our government launched the $4 billion Housing Accelerator Fund (HAF), which will provide funding to local governments to fast-track the creation of 100,000 new homes in Canada.
The HAF will help cities, towns, and Indigenous governments unlock major new housing supply by:
- speeding up development and approval like fixing out-of-date permitting systems;
- introducing zoning reforms to build more density; or
- incentivizing development close to public transit.
Whether accelerating project timelines, allowing increased housing density, or encouraging affordable housing units, local governments are encouraged to think big and be innovative in their approaches. By creating lasting changes at the local level of the housing system, we can make housing more affordable for Canadians across the income spectrum.
To learn more…