By Canadian Press

Ottawa says its housing deals with cities will build 750,000 homes in the next decade

Mar 4, 2024 | 11:33 AM

OTTAWA — The Liberal government says it has reached 179 housing agreements with municipalities that will help build 750,000 homes over the next decade. 

Housing Minister Sean Fraser says the federal government has finalized all of its deals with municipalities via the $4-billion housing accelerator fund.

The program offered communities federal dollars in exchange for changes to bylaws and regulations that would boost home construction.

Experts often point out Canada’s housing shortage is caused in part by excessive red tape, slow permitting processes and high development fees at the municipal level.

Ottawa says the competitive process for funding resulted in 544 applications, but only one-third of them were successful.

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The agreements, which run until 2026-27, are expected to help secure 107,000 permits within the next three years.

This report by The Canadian Press was first published March 4, 2024. 

The Canadian Press