Bill C-20 — Law to Create More Canadian Homes
Building More Homes in Canada
This proposed law, called the Build Canada Homes Act, aims to create a new organization called "Build Canada Homes." This organization would work to increase the number of affordable homes available across the country. It would also encourage the use of new and efficient building methods. The proposed law would allow Build Canada Homes to provide money to people or groups, including governments, to help them build affordable housing. It could also invest in companies that are working on affordable housing or developing new building techniques. Build Canada Homes could even build homes themselves. The organization would have a board of directors and a Chief Executive Officer to manage its operations. The government could give Build Canada Homes up to $11.5 billion to fund its work. This matters because it could make housing more affordable for Canadians. By increasing the supply of affordable homes and promoting innovative building techniques, the proposed law could help address the housing crisis in many parts of the country. It could affect anyone who is struggling to find affordable housing, as well as the construction industry and governments at all levels.
I think it's important to build more homes in Canada, and that's why we have a plan to do it. We've hired someone who knows how to get it done, and I hope we can all work together on this.
Where this proposed law falls on the policy spectrums that Canadians care about
Set your 3 priorities to see how this bill aligns with what you care about.
Sign up free — 30 secThis proposed law aims to boost affordable housing by creating a new corporation with significant financial backing and powers to build and invest. A concern is the broad discretion given to the government in appointments and directives, which could lead to political influence.
Things to Watch For
- The specific criteria for 'affordable housing' are not defined, which could lead to inconsistent application.
- The law doesn't specify how the corporation will ensure its projects are environmentally sustainable.
- There are few details on how the corporation will work with existing housing providers and avoid duplicating efforts.
- The process for selecting board members and the CEO should be transparent to avoid conflicts of interest.
- The law does not address how the corporation will prioritize different regions or populations in need of affordable housing.
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How likely this proposed law is to be approved
Since the government proposed it and it's already at the second reading, it has a decent chance. However, it's still early in the process, so there's a good chance it could be changed or not pass.
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