Mr. Speaker, I rise today in support of Bill C-26, an act to authorize certain payments to be made out of the consolidated revenue fund for the purpose of improving housing supply.
This bill would authorize the Minister of Finance to make immediate payments to the provinces and territories to support measures aimed at increasing the housing supply. The proposed funding of more than $1.7 billion would help make housing more affordable for all Canadians. This federal funding would be transferred to the provinces and territories and used exclusively for measures aimed at increasing the housing supply, such as reducing development and new home construction fees, as well as for additional investments in existing provincial and territorial housing creation programs. Because we know that the housing market varies from one province or territory to another, we believe that they are in the best position to ensure that the funds are invested where they will have the greatest impact for Canadians.
Unfortunately, after calling for such measures for months, the Conservatives are once again trying to throw a wrench in the works and stall this bill in order to prevent the provinces and territories from accessing these funds. Earlier today, the Conservatives moved to adjourn the House instead of allowing this bill to move forward. This is the third time that the Conservatives have moved such motions to adjourn in recent days. Why are they doing this? They know full well that the measures that we are proposing, such as Bill C‑26, will have a positive impact on the housing market. We know that they do not like good news.
I am a new MP, and I never thought that elected officials could take satisfaction in the headwinds we are facing, with the tariff war affecting businesses and the geopolitical turbulence that brings new challenges every day. However, we on this side of the House are rising to the challenge. The Conservatives know that Bill C‑26 is part of a series of concrete measures that our government is creating to make a difference and fix the housing crisis. They heard this from many experts, developers, non-profits and government officials who appeared before the Standing Committee on Human Resources, Skills and Social Development and the Status of Persons with Disabilities to testify about the importance of lowering building costs and increasing the supply of affordable housing in order to ease the pressure on rents. This is part of what Bill C-26 proposes. They know that this bill complements Build Canada Homes, the new investment agency working to increase the supply of affordable housing across Canada. Since its launch last fall, Build Canada Homes has already reached agreements to build over 11,400 units, most of which is affordable housing.
I am tired of hearing them mislead Canadians day after day by saying that Build Canada Homes has not done anything yet. I will provide a few examples.
In Nova Scotia, there is a partnership worth up to $300 million to build up to 1,430 affordable housing units.
In Manitoba, Naawi-Oodena, a historic redevelopment project carried out in partnership with Treaty 1 first nations and the Canada Lands Company, will see 320 affordable homes built. A total of 2,100 units could be built on the entire site.
In Quebec, our governments announced in April a joint investment of nearly $200 million to build 865 new affordable housing units across Quebec. This is on top of the 1,055 units that had already been announced in Longueuil in December 2025.
In the north, we have reached an agreement in principle with the Government of Nunavut and Nunavut Tunngavik Incorporated to build 750 units, including affordable public housing with support services.
In Ontario, we partnered with the City of Ottawa to build up to 3,000 affordable homes for mixed-income households.
To sum up, the number of agreements and projects that are shovel ready far exceeds the time I have to speak.
These projects also mean thousands of jobs for construction workers, electricians, plumbers, carpenters and many local businesses across the country. In an uncertain economic environment, our government is choosing to invest in Canada and Canadians. Last week, the House of Commons passed the bill to make Build Canada Homes a Crown corporation. We now hope that it will be passed quickly by the Senate so that this new agency can have all the tools it needs to speed up housing construction.
It is important to note that the Conservatives did not make any changes to this bill. However, they voted against it. They voted against the thousands of affordable housing units that will be built across Canada, in the ridings of all my colleagues here in the House. They voted against affordable housing for families struggling to make ends meet. They voted against better housing for seniors who need a bit of a break. Now, once again, they are opposing Bill C-26. I hope that the Canadians listening to us today take note of this and understand what it means, specifically that the Conservatives do not care about affordability.
Bill C-26 is part of a package of measures we are introducing to accelerate housing construction in partnership with provinces, territories, municipalities and indigenous communities. These include measures like the build communities strong fund, which will invest more than $51 billion in our communities, including in infrastructure that enables housing construction, such as water and sewer systems. Housing cannot be built without the underlying systems needed to support it, and the need is great across Canada.
Just two weeks ago, the Prime Minister, together with the Premier of Quebec, announced a historic agreement between Canada and Quebec for $10 billion in investments to build more housing across Quebec. That includes $2.6 billion for infrastructure. This is the kind of constructive federalism we support. Our goal on this side of the House is to work and serve Canadians, not to play political games.
Bill C‑26 includes other measures, among them targeted tax relief, such as the elimination of the 5% GST on new rental housing. Here again, the goal is to reduce upfront costs and move projects forward. Programs such as the apartment construction loan program and the CMHC's mortgage insurance products are available to help builders secure financing.
The proposed $1.7 billion in Bill C-26 would give the provinces and territories the flexibility they need to take targeted measures to increase the housing supply quickly and effectively where communities need it most. This flexibility is essential, because housing needs are not the same in Whitehorse, Montreal, Halifax, or Iqaluit. The provinces and territories are best positioned to determine the measures that will rapidly increase the housing supply in their communities. Collaboration with the provinces and territories is at the heart of this bill.
Solving Canada's housing crisis requires more than a one-size-fits-all approach. It requires a concerted effort in which everyone pitches in, an effort based on collaboration, flexibility, and immediate action. On this side of the House, we understand that. Bill C-26 will help turn our ambitions into meaningful results. We must act now. Canadians need more housing, communities need support, and our economy needs us to keep building. Above all, Canadians need the opposition to get to work. I therefore urge all members of Parliament to support Bill C-26.