Madam Speaker, I will be sharing my time with the member of Parliament for Taiaiako'n—Parkdale—High Park.
I appreciate the opportunity to appear here today to speak in support of the Build Canada Homes act. This landmark legislation would establish Build Canada Homes as a Crown corporation dedicated to building and expanding access to more affordable homes in Canada.
Over time, Canada's housing needs have evolved. While federal efforts have been delivered through a range of departments, agencies and programs, there is an opportunity to strengthen coordination and impact. Traditional construction and funding approaches alone are not meeting the scale and speed Canadians need, which is why we are moving forward with a new and innovative approach. All Canadians deserve an affordable place to call home. Housing is a fundamental need and growing demand for housing across the country requires urgent action.
Build Canada Homes was created to act quickly and efficiently. This legislation would give Build Canada Homes the flexibility and operational autonomy to deliver on its mandate. It would streamline federal housing efforts by bringing these roles under one umbrella. At the same time, it would maintain a clear accountability framework to government and would strengthen collaboration across the housing sector to deliver the affordable housing at a scale and pace that Canadians need. Build Canada Homes would act as a developer, a financier, a coordinator and a catalyst for innovation in the housing sector.
I would like to use my time today to speak about the importance of partnerships. Build Canada Homes has a central position in forging strong partnerships across all levels of government and with indigenous communities. It works with non-profit agencies, as well as key stakeholders in the housing industry, to drive the development of affordable housing across Canada. This includes private developers and community organizations.
Build Canada Homes cannot act alone. The success of its achievements lies in its partnerships. Stronger collaboration across all levels of government and with key partners is essential to tackling the housing challenges facing Canadians.
Build Canada Homes streamlines and accelerates the launch of affordable housing projects. The agency attracts public, private and philanthropic investment, maximizing impact. The Build Canada Homes act would make it easier to develop partnerships across the entire housing ecosystem to bring together the right financing and the right projects. As a Crown corporation, Build Canada Homes would combine access to federal lands, development expertise and flexible financial tools under one roof. It would accelerate the delivery of affordable housing, working with non-profits, indigenous organizations and all orders of government. This approach would reduce risk, address barriers and guide projects through the development process.
Build Canada Homes would also work in close partnership with developers, investors and manufacturers to get housing financed and built. It would work directly with builders and housing providers who are focused on long-term affordability. This includes non-profits, co-operatives, community housing providers or organizations that promote a variety of housing options for Canadians. These strategic partnerships would create homes that are affordable for a range of households across the income spectrum.
Build Canada Homes would be well equipped to collaborate with all levels of government and community partners through agreements, financial support, joint ventures and shared development initiatives. It would look for strong collaboration and coordination with provinces and territories who would help advance priority projects. This could include providing land, accelerating the approval process and waiving applicable fees.
Indigenous peoples face unique housing challenges. Build Canada Homes would collaborate on proposals that would deliver shared housing outcomes with first nations, Inuit and Métis governments, indigenous housing providers, and urban indigenous organizations. The housing needs of indigenous communities would be met in the spirit of collaboration. The Government of Canada respects indigenous sovereignty and supports self-determined housing solutions that are designed and delivered with an indigenous-led perspective. Our indigenous partners know how to incorporate indigenous knowledge and culture and adopt housing solutions in a way that enables their communities to thrive. Build Canada Homes is committed to building in full partnership with indigenous peoples and advancing indigenous housing priorities.
We are also working very closely with our provincial partners. Since its launch, Build Canada Homes has moved quickly to get housing projects off the ground. The Government of Canada has identified public lands that can be converted into housing. We have partnered with local governments to cut the red tape and to fast-track approvals.
In January alone, we moved forward with two major points of progress through Build Canada Homes. The Government of Canada, the Government of Nunavut and Nunavut Tunngavik Incorporated have signed an agreement in principle. It would deliver up to 750 much-needed homes across the territory, including public, affordable and supportive housing. Through the agreement, Build Canada Homes would provide up to $250 million towards this investment.
Importantly, as part of this new partnership, up to 30% of units would be built using innovative, factory-built components. Using off-site, factory-built components would help reduce delays and deliver homes faster. The first units are expected to be completed in the very near future.
As well, the Government of Canada and the Government of Quebec have signed a memorandum of agreement to guide their collaboration on Build Canada Homes projects. This partnership would accelerate approvals and help to identify additional housing projects across Quebec. It would also be critical for unlocking funding for affordable housing to be invested in communities across the province.
Through Build Canada Homes, all levels of government are coming together to address the housing crisis. We would increase the supply of affordable housing and reduce the barriers to construction through a structured and collaborative approach. With private, public and government partners showing up at the table, we would get housing built. Growing and strengthening partnerships is an integral aspect of building homes for Canadians. By combining resources and finding innovative solutions alongside its partners, Build Canada Homes is laying the groundwork for lasting solutions.
The Build Canada Homes act would formally establish Build Canada Homes as a Crown corporation with a clear mandate. As a Crown corporation, Build Canada Homes would have the operational independence, governance and flexibility needed to deliver affordable housing at scale. The legislation would allow Build Canada Homes to operate at arm's length from government, manage assets and innovative financial tools, and make long-term investment decisions more efficiently. This structure would also enable Build Canada Homes to enter into partnerships that would expand housing supply. This would include partnerships with non-profits, private developers and all orders of government, including indigenous communities.
It would reinforce Build Canada Homes's role as a permanent, delivery-focused institution rather than a time-limited program. The Build Canada Homes act would strengthen Build Canada Homes' ability to establish and maintain strong relationships across the housing ecosystem. This is the power of partnership: implementing lasting change. We are working together to build a strong and more unified approach to housing across the country.