Mr. Speaker, I thank the member opposite, a fellow Durham region MP, for the question. The Government of Canada is focused on delivering change and ensuring that the country's housing system works for everyone. We know many Canadians are struggling to get ahead and buy their first home. Budget 2025, Canada strong, is making generational investments of $25 billion over five years for housing and $115 billion over five years for infrastructure. These strategic investments will build major infrastructure and homes and create lasting prosperity, empowering Canadians to get ahead.
We are working in collaboration with provinces, territories, municipalities and indigenous communities to build a stronger economy, lower housing costs and make life more affordable for Canadian families. To help new homebuyers enter the market, we are delivering savings of up to $50,000 for first-time homebuyers by cutting the GST on new homes at or under $1 million and lowering the GST on new homes between $1 million and $1.5 million. To eliminate barriers to development and build more homes faster, the Government of Canada has invested $4.4 billion in the housing accelerator fund. Over 240 communities across the country are benefiting from this funding and implementing changes that will help us grow the supply of housing faster.
We are also working alongside provinces, territories and municipalities to invest in critical infrastructure that is needed to support growing communities. These initiatives are complemented by the recent launch of Build Canada Homes, the government's bold new approach to building affordable housing. This new federal agency will finance and build affordable housing at scale and deploy modern methods of construction to catalyze a more productive homebuilding industry. It will leverage public lands, offer flexible financial incentives, attract private capital, facilitate large portfolio projects and support manufacturers to build the homes that Canadians need.
Build Canada Homes will focus on catalyzing a new Canadian housing industry, one that builds faster and more sustainably. It will help generate demand for innovative and sustainable building methods, like factory-built and prefabricated construction, helping industry scale up and strengthen supply chains.
Moving forward, we will continue to identify and implement innovative solutions to build more homes faster for Canadians. We will strengthen our relationships with key stakeholders and continue to leverage a team Canada approach with our municipal, provincial, territorial and indigenous partners. Together with our partners, we will develop innovative programs and take targeted action to increase housing supply, lower housing costs and transform the housing sector.