Prime Minister Mark Carney launched Build Canada Homes, a new federal agency with $13 billion in initial funding to rapidly scale up affordable housing construction, preserve rental units, and tackle homelessness across the country. Photo by Ashley Fraser/Postmedia files

Prime Minister Mark Carney recently launched the new federal agency “Build Canada Homes,” which will help build “4,000 factory-built homes” at an initial cost of $13 billion . With an affordability crisis plaguing large swaths of the country, many Canadians likely will welcome greater government involvement in the housing sector. But can Ottawa really build homes efficiently and effectively?

Its record managing real estate suggests not. Most Canadians probably aren’t aware that the federal government owns a bloated

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