Department of Finance Canada said Canada's economic plan is building more homes, faster in Winnipeg.
The new Tax-Free First Home Savings Account, which is a registered savings account that allows Canadians to contribute up to $8,000 per year (up to a lifetime limit of $40,000) for their first down payment; and,.
In the 2023 Fall Economic Statement, the government announced an additional $1 billion over three years, starting in 2025-26, for the Affordable Housing Fund, which will help build more than 7,000 new homes across Canada by 2028.
Nearly $4 billion towards ending chronic homelessness, through Reaching Home, Canada's Homelessness Strategy.
For renters and municipalities, public funding and financing can affect how quickly affordable or purpose-built rental homes are added.
Over $40 billion through the Apartment Construction Loan Program, which is providing low-cost financing to support more than 101,000 new rental homes across Canada by 2031-32;.