An Act respecting payments by Canada and requirements in respect of housing and to amend certain other Acts
Sponsor: Pierre Poilievre, Member of Parliament (Carleton)
Proposed changes
This enactment enacts the Building Homes Not Bureaucracy Act in order to (a) establish a target for the completion of new homes in high-cost cities that increases 15% every year and ties federal infrastructure funding allocated to high-cost cities to that target; (b) provide for the reallocation of $100 million from the Housing Accelerator Fund to municipalities that greatly exceed housing targets; (c) require that federal transit funding provided to certain cities be held in trust until high-density residential housing is substantially occupied on available land around federally funded transit projects’ stations; and (d) make it a condition for certain cities to receive federal infrastructure and transit funding that they not unduly restrict or delay the approval of building permits for housing.
Finally, it requires the Minister of Public Works to place these properties on the market within 12 months of tabling the report.