Mr. Speaker, we are the only party that has recognized the urgent need to address the housing crisis and put forward a credible plan to address it. We will make housing more affordable by doubling the pace of construction across Canada with a housing plan that will get government back into the business of building.
We will cut tape so bureaucracy is not getting in the way of homes being built at any level of government, and create new careers in the skilled trades to produce all of this extra housing. Addressing this issue means we need to work with all orders of government and with the private and non-profit sectors to pull in the same direction toward building more homes faster and ensuring every Canadian has a place to call home.
This government is playing a leadership role in that effort, building one Canadian economy and taking bold action to solve Canada's housing crisis. We are using every tool at our disposal to build homes at a scale and speed that has not been seen for decades. That includes investing in a homegrown building industry that employs Canadian workers, invests in Canadian businesses and supports the adoption of innovative, made-in-Canada building technologies like off-site construction.
This government is changing the way homes get built in this country by enhancing our domestic housing manufacturing capacity. We lag far behind many other countries around the world. We need to create jobs and build a sustainable industry in this country for the longer term at this greater scale. We are driving supply up to drive costs down and make housing more affordable and accessible for Canadians.
For 10 years, Conservative governments did nothing on this. I was the mayor of Vancouver for seven of those years, and the Conservative government delivered zero affordable housing in my city. A key piece of this effort going forward, though, is creating “build Canada homes”. This is the new entity that will take the federal government even farther into the housing game.
“Build Canada homes” will work with all of our partners to help streamline development timelines, leverage public lands and reduce the financial barriers to build truly affordable homes for low- and middle-income Canadians. Through “build Canada homes”, we will also support the adoption of innovative modular and prefab technologies that can help speed up construction, improve productivity and reduce the cost of building homes, in order to really stimulate a more dynamic homegrown industry here in Canada.
“Build Canada homes” will also provide predictable funding for affordable home builders. This will add to the existing initiatives like the housing design catalogue, which provides standardized, region-specific designs for homes, including row houses, fourplexes and accessory dwelling units, or laneway homes as we call them, to make it easier and faster for communities to boost the supply and support densification.
These initiatives are on top of other actions the Government of Canada is taking to make home ownership more affordable now, like eliminating the GST for first-time buyers of homes under $1 million, this is $50,000 savings, and lowering the GST on homes between $1 million and $1.5 million.
These measures will help lower the upfront costs for Canadians who are entering the housing market in these weeks and months ahead. We will see that opportunity for many new homebuyers, as well as these longer-term actions to scale up and double the rate of construction across Canada.