Prime Minister Mark Carney's promised new entity to spur massive amounts of housing construction will prioritize the building of affordable housing and the use of Canadian materials, says a consultation document published by the government on Monday.
The document shared by Canada's housing department says Build Canada Homes is also intended to accelerate the speed at which federal lands are converted to housing, and to stress the use of materials, manufacturing and construction methods that reduce the cost and environmental impact of building.
It says financial and non-financial tools being explored include loans, equity investments, real property and housing investments, loan guarantees and contributions.