Mr. Speaker, I thank my colleague for Cloverdale—Langley City, which is a beautiful riding not too far from my home, for the question.
The Government of Canada is focused on making housing more affordable and buying a home more attainable for Canadians. Through budget 2025, we are 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. This is also why the Prime Minister launched Build Canada Homes in September 2025.
Build Canada Homes is a completely different way to build affordable housing for Canadians. This new federal agency will catalyze a productive housing industry, something that sets it apart from anything done previously. Build Canada Homes will not act alone. It will work in close partnership with developers, manufacturers, provinces, territories, municipalities and indigenous partners to get housing financed and built. Our goal is to make it faster and easier for builders to get big projects off the ground and deliver homes for Canadians right across the country.
Young families and first-time homebuyers deserve the same opportunities to own a home that our parents did. That is why we are taking action to provide Canadians with immediate relief through targeted tax measures. We are cutting the GST on new homes at or under $1 million for first-time homebuyers, delivering savings of up to $50,000. We are also lowering the GST on new homes between $1 million and $1.5 million. These initiatives will help more Canadians buy their homes.
As well, we are helping first-time homebuyers through the tax-free home savings account, which helps Canadians to save for their first home. We are building on the success of programs delivered through the national housing strategy, like the $4.4-billion housing accelerator fund, which incentivizes municipalities to reduce barriers to building. We are investing in the purpose-built rental supply through the apartment construction loan program. We are also taking action to help the community housing sector to acquire at-risk rental apartment buildings, ensuring they remain affordable over the long term, with the launch of the Canada rental protection fund.
It is unacceptable for anybody in Canada to go without safe, affordable and inclusive housing, and that is why the federal government is committed to solving the housing crisis and taking a leadership role on housing. The Government of Canada is removing barriers to construction, reducing risk for home builders and making significant investments in non-market housing. We are working closely with builders, investors, indigenous partners and all levels of government to implement innovative solutions to get the job done. Together with our partners, the Government of Canada is leading transformative change in Canada's housing sector.