Real Estate

Carney Unveils $9.4 Billion Plan to Build Affordable Homes

Mark Carney, center left, speaks during a news conference outside of a modular housing site in Ottawa on Sept. 14.Photographer: David Kawai/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Erik Hertzberg

September 14, 2025 at 6:26 PM UTC

Updated on

September 14, 2025 at 7:50 PM UTC

Canadian Prime Minister Mark Carney launched a new government agency responsible for building affordable homes as he aims to boost the pace of construction over the next decade.

Carney announced Sunday that the agency, Build Canada Homes, plans to construct 4,000 factory-built homes on federal lands as one of its early steps. But the government’s ambitions are much larger than that.