Could this be the turning point Canada’s housing market needs?
As home prices climb and affordability feels out of reach for many, a bold new national housing plan is set to change the game. From cutting building costs to supercharging construction, here’s what you need to know and how it might affect your next move in the Greater Toronto Area (GTA).

A History-Inspired Comeback Plan

Canada has tackled a housing crisis before, and Won.

Back in the 1940s, after World War II, thousands of veterans needed homes. In response, the government launched one of the most impactful home building plans Canada had ever seen, affordable houses built quickly and efficiently. Today, facing a similar shortage, the government is once again rising to the challenge with a strategy designed for modern needs.

The Liberal Party’s new housing blueprint aims to double the number of homes built every year, targeting 500,000 new units annually over the next decade. It’s not just a promise, it’s a strategy rooted in history, tailored to Canada’s current affordability crisis.

Introducing Build Canada Homes (BCH): The Nation’s New Developer

At the heart of this modern solution is Build Canada Homes (BCH), a government-backed agency that’s changing how homes get built across the country. Here’s how BCH will power one of the most ambitious home building plans Canada has seen in decades:

• Build on public land
Affordable homes will rise on government-owned land, cutting building timelines and costs.

• Drive sustainable construction
By using modular and prefabricated homes, BCH can slash build times by 50%, cut costs by 20%, and reduce emissions by 22%.

• Fuel innovation and financing
With $25 billion in low-interest debt, $1 billion in equity for prefab builders, and $10 billion in funding for affordable housing, this plan supports builders at every step.

Special focus will also be placed on student and seniors’ housing, an essential move for high-demand areas like the GTA.

Breaking Barriers for Faster Housing

To speed up development and make housing more affordable, BCH plans to:

• Slash development charges by 50%– a potential savings of $40,000 per unit in Toronto
• Bring back rental housing incentives that previously helped produce nearly 200,000 units
• Ease zoning and permit bottlenecks through pre-approved housing designs
• Encourage building conversions by reducing taxes when sold to nonprofits focused on housing

These policy moves streamline approvals and help make home building plans Canada can rely on more achievable.

What This Means for GTA Buyers, Sellers, and Investors

Whether you’re a first-time buyer, planning to sell, or exploring investments, this new plan has direct implications:

Buyers
With more homes hitting the market and construction moving faster, buyers will see more options and less competition. Eliminating GST on homes under $1 million can save you up to $50,000.

Sellers
As housing supply grows, infrastructure improvements could drive demand in emerging neighbourhoods, boosting your home’s resale appeal.

Investors
The funding and support for prefab builders and rental conversions means more purpose-built rental opportunities.

This is a rare moment where home building plans Canada is pushing could benefit every corner of the market.

Building Together for a Better Future

The success of this plan depends on collaboration. Governments at all levels, along with builders, non-profits, must work together to create housing that’s smarter, faster, and more sustainable.

At the same time, this initiative will support local jobs, grow the trades workforce, and help communities thrive. With real momentum, home building plans Canada is launching now may finally bring balance back to the housing market.

Summary: Why This Matters Now

This housing strategy isn’t just ambitious- it’s urgent. It will reshape how we buy, sell, and invest in real estate across the GTA and beyond.

💡 Stay Ahead of the Market

Want to know how these changes could impact your real estate goals?
👉 Follow our blog for weekly market updates and expert insights.
📞 Need guidance? Contact us today for personalized real estate support.