Mr. Speaker, I am glad to report that the Government of Canada is taking action to lower housing costs for Canadians across the country. Budget 2025 is making generational investments in housing and infrastructure because we know that housing costs have a significant impact on the cost of living. These strategic investments will build major infrastructure and homes, create lasting prosperity and empower Canadians to get ahead.
In September 2025 the Prime Minister and the Minister of Housing and Infrastructure launched Build Canada Homes, with an initial capitalization of $13 billion. 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.
The new agency will partner with private sector developers on mixed market housing developments that combine affordable rentals with market units. The approach will help unlock new sources of private capital, create more affordable housing supply and ensure that housing remains financially viable and affordable over the long term.
Build Canada Homes will also help fight homelessness by building transitional and supportive housing and will work with provinces, territories, municipalities and indigenous communities to pair these federal investments with necessary wraparound services.
In addition, the $1.5-billion Canada rental protection fund will also be launched under Build Canada Homes to help protect existing affordable housing. This initiative will help the community housing sector acquire at-risk rental apartment buildings to ensure that they remain affordable over the long term. The Canada rental protection fund aligns with Build Canada Homes' broader mandate to grow the supply of affordable and non-market housing. All projects funded via Build Canada Homes will include an affordable component, not only by building new homes but also by preserving those that Canadians already rely on.
Build Canada Homes and the Canada rental protection fund will build on the success of 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 provided an additional $1.5 billion in loans to the fund's new construction stream. This brings the total federal investment in the fund to approximately $16 billion.
To ensure that the rental market remains fair and accessible, the Government of Canada has also created the blueprint for a renters' bill of rights, which sets out principles for a fair and transparent rental system. We are calling on the provinces and territories to take action to support the blueprint's principles, to improve the rental system and to ensure that renting is a fair and transparent process across Canada.
The Government is making historic investments in affordable housing and is working to lower housing costs for Canadians so every family can find a home that fits its needs and its budget. We are committed to doing this. We will do it using Canadian materials, Canadian workers and Canadian ingenuity, and by working in collaboration with every member of the House.