The Liberal government is taking big steps to boost housing supply and improve affordability—great news for buyers,…

The Liberal government is taking big steps to boost housing supply and improve affordability—great news for buyers, investors, and renters alike.

Here’s what they’re bringing to the table:

Build Canada Homes (BCH): A new national public builder to fast-track affordable housing, especially on public land.
Goal to Double Housing Starts: Nearly 500,000 homes per year—addressing Canada’s housing shortage head-on.
No GST on New Rental Builds: A strong incentive for developers to add much-needed rental units to the market.
Insured Mortgage Cap Raised: Buyers can now get CMHC-insured mortgages on homes up to $1.5M (up from $1M)—a game-changer in markets like Toronto and Vancouver.

The plan focuses on long-term stability, affordability, and supply—key drivers of a healthier, more accessible real estate market.

Sources: Liberal Housing Plan; Reuters