New housing agency lacks construction targets as federal spending declines

Housing Minister Gregor Robertson introduced legislation for a new federal housing agency, Build Canada Homes, which lacks specific home construction targets. The agency has $13 billion allocated and has signed agreements for affordable housing projects, aiming to leverage public land and federal financing for maximum delivery. Despite the agency's efforts, a PBO report estimates federal housing spending will decline significantly by 2029 due to expiring programs and budget cuts.