Key Actions Since 2015 to Build Homes for Everyone

  • Created Canada’s National Housing Strategy, an ambitious ten-year plan to invest over $72 billion to build supply, making housing affordable, and address chronic homelessness.
  • Introduced legislation recognizing the right of Canadians to access adequate housing.
  • Helped more than 2 million Canadians find places to call home through new builds, repairs, renovations, and rental subsidies.
  • Signed a Canada Housing Benefit agreement with every province and territory, totalling $4 billion in costmatched funding and helping over 300,000 Canadians pay rent.
  • Introduced the First-Time Home Buyers’ Incentive to help eligible first-time home buyers finance a portionof their home purchase through a shared equity mortgage with Canada Mortgage and Housing Corporation (CMHC).
  • Announced Canada’s first national tax on vacant property owned by non-resident, non-Canadians, which will go into effect on January 1, 2022.
  • Tripled the federal government’s investment in homelessness prevention and reduction
  • Committed over $1.7 billion for distinctions-based housing strategies for First Nations, Inuit, and Métis communities.
  • Launched the Rapid Housing Initiative, investing $2.5 billion to create at least 9,200 new units of affordable housing across Canada.

We need to support Canadians in their goal of becoming homeowners. That’s why our plan will help renters become owners, help young Canadians afford a down payment faster, and help them reduce the closing costs that come with purchasing a home.

By helping our young people unlock homeownership, we will grow the middle class and keep moving Canada forward for everyone.