Mr. Speaker, I am happy to rise today to speak to the Build Canada Homes act, the legislation that would address one of the most urgent and deeply felt challenges facing Canadians, particularly young Canadians: housing. I would like to address the impact the legislation would have on Canada Lands Company Limited.
As we know, Canada is in a housing crisis. The cost of housing is up, supply is not keeping pace with demand, and productivity in the construction sector is low. We need to build more homes, and we need to build them fast. This is exactly what we ran on in April 2025. It is what Canadians wanted us to do.
Consistently for the last couple of years, we have heard from Canadians that they need more homes. The dream of being a homeowner for young Canadians has not died; it is still alive and well. It is the onus of every single level of government to make sure we can meet that dream.
The legislation would define the mandate, governance structure, powers and funding of Build Canada Homes. It would also provide the transitional provisions necessary to move it from an existing special operating agency to a Crown corporation. I want to clarify that this is something we ran on, and Canadians, on April 28, 2025, gave this side of the House the mandate to meet their most important and most dire needs across the country.
We are not doing something that we were hiding from Canadians; we have talked about it. We talked about Build Canada Homes, and now we finally see the life of Build Canada Homes as a Crown corporation. Once Build Canada Homes becomes a Crown corporation, it would also have access to a broader set of authorities and to greater operational flexibility. This would also allow it to move faster and more effectively in delivering housing at scale.
Housing insecurity is rarely a stand-alone issue. We know that for many Canadians, it intersects with mental health, health care access, income stability and community supports. This is the reality that underscores the importance of wraparound services, an approach that recognizes that stable housing and personal well-being are deeply interconnected.
The Build Canada Homes act would allow us to think about housing in a more holistic way. Yes, Canada must build more homes, must accelerate approvals and remove barriers, and it must also ensure that housing systems promote long-term stability, particularly with people who have complex needs.
If I may, let me reflect briefly on the experiences of London, Ontario, which offers a compelling example of how federal partnerships and wraparound thinking can produce meaningful outcomes. London has been a national leader in leveraging federal housing dollars and investments, thanks to the many partners in the sector, along with the leadership of the City of London and the many builders across the city who have come together and are responding to the need for housing for every single person in our community.
We are, one day at a time, curving homelessness across the city of London. Our community has received among the highest levels of housing funding in the country, reflecting both scale of local need and the city's readiness to respond to that need. London was the first municipality to secure the housing accelerator fund, and through demonstrated performance and ambition, it has received additional funding to further accelerate progress.
These investments have translated into tangible results. London has significantly expanded its housing supply, including a substantial increase in supportive housing projects that combine stable accommodation with integrated health and social services that continue to address homelessness and housing vulnerability in a durable and more sustainable way because it is done at a community level.
I would like to share a story. This past week in my riding, I visited an Indwell housing project, a partnership with many partners in the city of London, including the City of London, where residents celebrated Black History Month with the support of staff.
I was invited as the speaker by one of the residents who has been there for, I think, about a year, named Este. I saw the joy it brought her to invite me to speak at this Black History Month event. I enjoyed having a conversation with her and getting to know a little about her story, where she started, where she is at today and how far she has come, as well as about the dignity with which Indwell treats its residents.
This is a project we funded. I was there for the groundbreaking. I was there for the opening. I was there when the first person moved in, and I returned to have a conversation with a resident who was excited to celebrate Black History Month. It really brought warmth to my heart to see that behind all the jargon that politicians use, behind all the numbers we talk about and behind the dollars, there are real people.
I was talking about wraparound services and what Build Canada Homes would do to provide more of these opportunities. The minister shared a story earlier about the Dunn project, which is in Toronto, and I am sharing the story about Thompson Road and many others in the city of London, where we see partners come together and get federal dollars to provide units for people who need them the most, the most vulnerable people in our community.
I had an opportunity to chat with a couple of residents there, but more importantly with Ese, who invited me to be the keynote speaker, engaging on Black History Month. The joy she had and the life in the room really brought life to me as well. I was actually not feeling well that day, but it brought so much light and joy to see that, to see the advocacy that went into it, all the partners that went into it and all the hard work of people who want to see the most vulnerable people in our community housed. That is exactly her success and what Ese embodies. As the staff on site said, she has come so far from where she was to where she is now. I am so glad to see that there are tangible people behind these dollars.
The work that Build Canada Homes wants to do and will continue to build on is like the project on Thompson Road. This progress matters, not only for those directly served, but for the broader housing ecosystem. Expanding supply across the housing continuum, including supportive and affordable housing, has a system-wide effect. We already know that when more housing units come online, pressure on rental markets begin to ease. When rental pressures ease, affordability improves across the board. The hope is that Build Canada Homes will do that, so we can see a spike in home builds across the city and across Canada.
The reality is that young Canadians, as I said earlier, desire to own a home, and that desire has not wavered, which is why we are going to continue to do everything in our power. We are going to work with the provinces, we are going to work with municipalities, we are going to work with everyone to make sure we can provide homes for Canadians across the board.
Being able to afford a home is a human right; it is not a luxury. It is what all Canadians need and deserve, and that is what we are going to continue to do. For young families, for first-time homebuyers, for those seeking to put down roots, housing supply becomes the difference between aspiration and reality. Every home built expands the possibility.
Strategic federal investments paired with local leadership and wraparound approaches produce compounding benefits. They will address immediate needs while strengthening long-term market stability. They support the most vulnerable population while improving affordability dynamics for the broader community.
The global economy has recently undergone a shift that has profoundly transformed the traditional world order. Canada can no longer count on its most important trading relationship. Because of that, we are building our capacity here at home. We are going to build stronger relationships across all levels of government, including municipal, provincial and territorial governments and with our indigenous partners. We are making strategic investments to build a stronger, more sustainable and more resilient economy. We are working to cut red tape, eliminate internal trade barriers and sign new agreements that will stimulate the local economy. As a Crown corporation, Build Canada Homes will be funded by the initial $13‑billion envelope announced in budget 2025.
The Build Canada Homes act proposes to establish Build Canada Homes as a Crown corporation. The legislation would provide the transitional provisions necessary to move from the existing special operating agency to a Crown corporation. This will allow it to move faster and more efficiently in providing and delivering housing across the board, whether it be in the province of Ontario or across Canada.
We would also streamline and strengthen federal efforts and help scale up the supply of affordable housing across the country. The transfer of key elements from Canada Lands Company Limited to Build Canada Homes is an important step in developing and building housing on public lands.
This means Build Canada Homes would be equipped with the tools and the authorities to take a leading role in the planning, development and construction of housing on public lands. This would also include the land holdings of Canada Lands Company Limited. It would position Build Canada Homes to streamline construction on public lands.
Budget 2025 already announced an initial investment of $13 billion over five years. Of this amount, there is a capital contribution of $1.5 billion to Canada Lands Company Limited. This funding will support the direct construction of up to 4,000 new homes that will remain publicly owned over the long term. This marks a strategic shift in how public lands and development expertise are mobilized to accelerate the supply of affordable housing across the country.
Build Canada Homes will develop parcels at six Canada Lands Company Limited sites in Dartmouth, Longueuil, Ottawa, Toronto, Winnipeg and Edmonton. A direct build approach will be used for the construction of these affordable, mixed-income communities. This is one example of how Build Canada Homes will work to improve the availability of affordable housing for those who have been priced out of the market.
Build Canada Homes will also look for ways to maximize affordability as much as possible. We will leverage a mixed-market approach. Build Canada Homes will also help unlock new sources of private capital and create more housing supply across the board. It will ensure that housing remains financially viable and affordable for the long term. The homes will enable long-term affordability through continued public ownership, and the newbuilds will leverage modern methods of construction. This includes prefabrication, modular building and mass timber to speed up construction and take advantage of Canadian technology and materials.
Earlier, the minister also talked about how construction will go on all year long. Last year, during the summer, my colleagues and I had our caucus retreat in Edmonton. We were able to visit many start-ups that are doing modular work using AI. They are working with people who are in the sector, in apprenticeships, and they are using AI as a tool that can also build homes in a very fast way.
We are doing work around removing barriers across Canada. If we think about a modular home that has to move from one area to another, maybe more start-ups will be interested in modular work. Also, with the barriers that we are removing, there is the possibility of much money to be made across the board and much expertise to be shared among the different provinces.
I also had a chance to visit one of these companies in my backyard of southwestern Ontario, near Windsor. I saw how the technology is already there, and it is prepared. As the minister said, we want to build all year long. This is some of the technology and innovation that we could be using to make sure that Canadians are still employed and are able to build homes and get the homes they need, at scale and fast.
The Build Canada Homes act would be a major milestone in the government's plan to build more homes in a fast way and to help ensure that every Canadian can have a place to call home that they can afford. Build Canada Homes is becoming a Crown corporation to give it the operational independence, the governance and the flexibility needed to deliver affordable housing while remaining accountable to Parliament.
The legislation would also enable Build Canada Homes to leverage Canada Lands Company Limited's land holdings and development expertise, along with its own flexible financial tools. It would provide a streamlined approach to building on public lands. The Build Canada Homes act and the transfer of the land holdings and development experience from Canada Lands Company Limited to Build Canada Homes would accelerate the delivery of affordable housing across the country, contrary to what many colleagues have been commenting here.
Moving forward with this legislation means that the Government of Canada would be better positioned to use all the tools that it has at its disposal to ensure that Canadians can have the homes they need. The federal government would implement new ideas and take an innovative approach to building housing across the country.
Through this act, the federal government would put public lands to good use by building thousands of new affordable homes. Supportive housing, in particular, reflects this dual benefit. It provides stability and dignity for individuals facing complex challenges, reduces strain on emergency systems, improves community outcomes and contributes to the overall housing supply, which helps moderate market pressures.
The Build Canada Homes act would build precisely on this model of coordinated, enabling leadership. By strengthening financing tools, it would allow more projects to proceed with certainty. Every Canadian deserves a place to call home, and the Build Canada Homes act would help to build a strong Canada. It would do exactly what we promised on the campaign trail in April 2025.
I look forward to taking questions from my colleagues.