- What The Canadian government has identified 56 federal properties suitable for housing
- Why The initiative is part of its Public Lands for Homes plan
- What’s next Canada Lands Co. is calling for proposals from homebuilders to access the properties
The government of Canada has launched the Canada Public Land bank with 56 federal properties that can support housing as part of its Public Lands for Homes plan.
Under the plan, the government will partner with developers and communities to build homes on federal land. It aims to do some via long-term leases rather than sales to keep the land public and ensure affordable housing.
Five properties are ready for builders to submit plans.
“We need to build more homes in Canada, and one of the largest costs in building is land. By building on public lands, we can make it easier to build, and by leasing those same properties, we can make sure the homes built stay affordable for the long term,” said Sean Fraser, minister of housing, infrastructure and communities.
Canada Lands Co. and Canada Mortgage and Housing Corp. are soliciting proposals from housing providers to access some of the land bank properties in Toronto, Edmonton, Calgary, Ottawa and Montréal on a long-term leasing basis at a discounted value.
