OTTAWA — Prime Minister Mark Carney announced the launch of Build Canada Homes (BCH) on Sunday, with initial funding of $13 billion, in the hopes of getting more affordable housing built faster in Canada.

This new federal entity will be headed by Ana Bailão, former deputy mayor of Toronto and former candidate in Toronto’s 2023 mayoral race, he added.

Carney made the announcements at a modular housing site in his riding of Nepean, in Ottawa, the day before Parliament is set to return for the fall session. He was accompanied by Housing Minister Gregor Robertson.

“Today, the Minister of Housing and I are proud to launch Build Canada Homes, a new federal entity that will supercharge housing construction across Canada,” Carney said.

BCH will have the mandate of building and financing afford

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