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Ottawa wants to get banks, pension funds involved in affordable housing: minister

The federal government plans to enlist Canadian banks and pension funds to finance affordable housing through Build Canada Homes, Robertson said on Feb. 1, 2026.
CMHC reporting indicates new-home momentum stalled in the fall, strengthening the case for stepped-up non-market projects as private-sector construction depends on market conditions.
The agency's records show Build Canada Homes launched in September 2025 with $13 billion and received 450 applications; the 540-unit project in Toronto will be at least 40 per cent affordable.
If implemented, the plan could de-risk affordable housing projects, but Robertson acknowledged challenges and the non-profit nature complicates attracting Canadian banks and pension funds.
The broader affordability agenda includes the government seeking banks and pension funds to finance affordable housing through Build Canada Homes, with Robertson saying the timing will be crucial.

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Ottawa wants to entice banks, pension funds to get involved in affordable housing: minister

The federal housing minister says he wants to ramp up the lagging pace of homebuilding in some provinces by bringing developers off the sidelines and into Ottawa's affordable housing projects.

2 days ago·Canada

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