+34
'We have been failing young Canadians ... and we have to change it,' said Benjamin Tal
Build Canada Homes chief executive Ana Bailão takes part in a housing announcement in Ottawa on Sept. 22, 2026. Build Canada Homes, the federal government's housing agency, committed to building 19,000 homes in its first year, 2,300 of which are currently under construction.
It's part of Ottawa's effort to speed up the delivery of, the only issue is funding, and it's not," said Build Canada's chief executive Ana Bailão during an Empire Club of Canada event in Toronto on Friday.
"Sometimes the issue is more on the delivery, the things not being aligned between governments, such as taking too long to take your permits and then funding doesn't come at the same time," she said. The federal housing agency has struck 19 financial partnerships over the past year, including agreements with provinces and municipalities such as Quebec, British Columbia, Ottawa and Toronto.
In addition to the 2,300 homes currently being built, there are about 3,000 supportive and transitional housing units, Bailão said. The agency has also helped unlock nearly $12 billion worth of investment and designated 24 sites across more than 1,100 acres of federal land for affordable housing.
"If you ask me if I'm satisfied with the results, the answer is no," she said. "But if you ask me if I'm encouraged, the answer is yes. " Bailão said Build Canada is trying to address delays by getting governments and other partners aligned earlier. The agency has signed agreements with 10 provinces and territories and created implementation tables to coordinate projects, investments and priorities.
She also previewed a yet-to-be announced partnership to build 1,000 affordable homes across several small and mid-sized communities. The initiative will bring together municipalities, a modular housing manufacturer, non-profit housing providers, financing partners and the provincial government.
"We are creating a multi-year, multi-project delivery system," Bailão said. "It is repeatable, it is scalable, and it stretches our public dollar much farther. " Benjamin Tal, deputy chief economist at CIBC Capital Markets, who moderated the discussion, said the stakes are high.
Business Financial Information Investing Investor Market News Stock Research Stock Valuation Business News Economy Finance Investment Tools Mortgage Mutual Funds Personal Finance Quote Real Estate Retirement Stock Stocks Suze Orman Tax Track Portfolio
Canada Latest News, Canada Headlines
Similar News: You can also read news stories similar to this one that we have collected from other news sources.
Canadians back AI in health care but distrust U.S.-based tools, survey findsA new survey by Santis Health and Nanos Research finds most Canadians support AI in health care but are uncomfortable with U.S.-based tools, and want health data to stay in Canada.
Read more »
Opinion: Why a former FTC chairman is offering Canadians optimism despite Trump’s economic coercionWilliam Kovacic believes that relationships between U.S. and Canadian institutions will endure because they were forged over decades
Read more »
Nanos Research Poll Finds 47 Percent of Canadians Oppose Airport Privatization PlanA new Nanos Research survey for CTV News shows more Canadians oppose the federal government's plan to let private investors operate the country's four largest airports than support it.
Read more »
How GLP-1 Weight Loss Drugs Transform Thanksgiving Dining for CanadiansThe rising popularity of GLP-1 medications like Ozempic and Wegovy in Canada is changing how individuals approach holiday meals, leading to modified recipes, digestive challenges, and social anxiety during gatherings.
Read more »