Mr. Speaker, the Government of Canada is focused on making housing more affordable and on making home buying 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.
That is why the Prime Minister launched Build Canada Homes in September 2025. It is a completely different way to build affordable housing for Canadians. The new federal agency is going to catalyze a more productive housing industry, something that sets it apart from anything that has been done previously. There are already agreements for over 10,000 units to be built over the coming months, and some of those shovels are already in the ground.
Build Canada Homes is not going to act alone. It will work in close partnership with developers, manufacturers, provinces, territories, municipalities and indigenous partners to get housing financed and built. The 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 opportunity to own a home their parents did. That is why we are taking action to provide Canadians with immediate relief through targeted tax measures. We are cutting the goods and services tax on new homes at or under $1 million for first-time homebuyers, delivering savings of up to $50,000. We are lowering GST on new homes between $1 million and $1.5 million. These initiatives, despite what the Conservatives are saying, will help more Canadians buy their first home.
We are also helping first-time homebuyers through the tax-free home savings account that helps Canadians to save for their first home, which the Conservatives voted against.
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 eliminate barriers to building that can be big obstacles to building fast.
We are investing in a purpose-built rental supply through the apartment construction loan program.
We are also taking action to help the community housing sector 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. 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 risks for home builders and making significant investments in non-market housing in partnership with developers. 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 partners, the Government of Canada is leading transformative changes in Canada's housing sector.
