Mr. Speaker, Canada's housing system is facing complex problems that require targeted solutions. Far too many Canadians, especially younger generations, are struggling to find homes they can afford. Housing costs continue to rise, while supply is not keeping pace with growing demand. In response, the Government of Canada is taking immediate action.
Budget 2025 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. That is also why the Government of Canada has launched Build Canada Homes.
Build Canada Homes is Canada's new federal agency with the mandate to scale up the supply of affordable housing across Canada. By leveraging public lands, deploying flexible financial tools and acting as a catalyst for modern methods of construction, Build Canada Homes is driving a more productive and innovative homebuilding sector.
On February 5, Bill C-20, the Build Canada Homes act, was introduced in Parliament. This legislation, if passed, will establish Build Canada Homes as a Crown corporation dedicated to building affordable homes in communities across the country. Build Canada Homes is accelerating delivery of the housing Canadians need, faster, smarter and more affordable.
This new agency is working in partnership with non-profits, indigenous organizations, private developers and all orders of government. Build Canada Homes will partner with builders and housing providers that are focused on long-term affordability. This includes non-profits, co-operatives, community housing providers and organizations that support a variety of housing options for Canadians. It will also work with provinces, territories, municipalities and indigenous governments to help fight homelessness by building supportive and transitional housing. Through Build Canada Homes investments, federal governments and provincial and territorial governments are partnering to deliver affordable homes to Canadians.
The Government of Canada has also made significant investments in affordable housing through programs like the affordable housing fund. As of September 2025, over 54,000 new units have been committed through the affordable housing fund. The Government of Canada has also provided an additional $1.5 billion in loans to the affordable housing fund's new construction stream. This will lead to thousands of affordable housing units being built and brings the total federal investment in the fund to approximately $16 billion. Additionally, 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.
The federal government, through a wide range of measures, is restoring affordability, expanding housing options and ensuring that every Canadian has a place to call home.