Expanding Housing Supply: National Strategies for Affordability
Addressing the housing affordability crisis requires bold, coordinated action at the national level. Programs like the Apartment Construction Loan Program and the Housing Accelerator Fund are designed to boost the construction of rental housing by providing low-cost loans and incentives to developers. These initiatives make it easier to build more homes, faster, and encourage innovation in construction methods.
The Public Lands for Homes Plan unlocks surplus government land for housing, reducing costs and enabling the construction of homes in high-demand areas. New programs, such as the Secondary Suite Loan Program, help homeowners add rental units to their properties, increasing housing density and providing additional income streams.
Mortgage insurance reforms are also being considered to support densification and make it easier for homeowners to add units to their properties. By combining federal, provincial, and territorial investments, these strategies aim to scale up the construction of affordable rental homes, making housing more accessible for everyone.