Ottawa still pledging to double construction pace despite home building headwinds

The Canadian Press: Parliamentary Budget Officer Annette Ryan flagged in a May 4 report that the promise was repeated in Budget 2025 last fall but was conspicuously absent from Ottawa’s spring economic update tabled at the end of April.

…Ryan also noted that, since the fall budget was tabled in November, the pace of housing starts in Canada has “continued to lose momentum.”

…The PBO also cited a previous estimate that the Liberals’ new affordable housing agency, Build Canada Homes, will add roughly 26,000 units over five years, “which would be insufficient to achieve the previously targeted pace of home building.”…

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