Federal budget falls short in addressing housing affordability, experts say

Critics are questioning whether Mark Carney’s government promised enough funding in the 2025 budget to spur homebuilding.

Critics of the federal budget ’s approach to housing policy say the government plan reneges on campaign pledges from Prime Minister Mark Carney , and are questioning Ottawa’s ability to spur homebuilding with the amount of funding that’s promised.

Academics and builders’ associations say the Liberal government’s commitments to reduce municipal development charges and increase funding for Build Canada Homes – a new federal entity that will bring the government into the home-building business – were watered down.

The Liberals’ campaign promise to cut taxes on multi-unit residential buildings, which would have been aimed at incentivizing rental apartment construct