What the 2025 Liberal Housing Plan Really Means for You 🏡

The votes are in—and Canada now has a minority Liberal government under Prime Minister Mark Carney.

And if there’s one thing that’s crystal clear, it’s this:

👉 Housing is front and centre.

The Liberals have introduced a bold, wide-reaching strategy to tackle the housing crisis, boost affordability, and stimulate the economy.

Let’s break down what this means for you 👇

🏗️ Building More Homes — Doubling the Pace

The plan:
Double Canada’s rate of residential construction to hit 500,000 homes per year (for context, we're averaging ~242,000).

Why it matters:

• More homes = less buyer competition

• More rentals = relief for renters

• Balanced market = better outcomes for sellers

🏘️ Build Canada Homes (BCH) — A National Housing Crown Corporation

What’s coming:
A new federal agency to fast-track affordable builds, especially on public land, with financing for builders.

Why it matters:

• Less red tape = faster builds

• More affordable homes in high-demand areas

• Job creation in construction and housing sectors

💰 $36 Billion in Housing Investments

• $26B toward prefabricated/modular housing

• $10B in low-cost financing for affordable housing developments

Why it matters:
Prefab = faster builds + lower costs = more attainable homes 🛠️

💸 GST Elimination for First-Time Buyers

No GST (5%) on new homes under $1M for first-time buyers.

Why it matters:
This could save buyers up to $50,000—a game-changer for entry-level affordability! The caveat, you MUST buy a new build home. 

🌍 99-Year Leases on Federal Land

Instead of selling off federal land, the government will lease it to affordable housing developers.

Why it matters:

• Cuts land costs (a major housing expense)

• Allows more affordable builds in prime areas

• Keeps public land in public hands

📉 Income Tax Cut: 15% → 14%

The lowest federal tax bracket will drop by 1%.

Why it matters:
Households could save up to $825/year, giving more breathing room in your budget.

🏘️ Renter Support & Homelessness Reduction

• Boosting GIS payments by 5% (for one year) for seniors

• Working with provinces to reduce homelessness

Why it matters:
Housing stability for all = safer, stronger communities 💛

🔎 Fast Facts: Other Key Liberal Promises

• 🏥 Health: More walk-in clinics, IVF funding, better mental health access

• 🚨 Crime & Safety: Gun control, RCMP expansion, crackdowns on gangs & hate crimes

• 🛡️ Defence: Increased NATO funding, Arctic protection, modernized equipment

• 🌱 Environment: New parks, clean water fund, EV and home retrofit incentives

• 👵 Seniors: GIS top-up, reduced RRIF withdrawals

• 🌍 Immigration: Student permits based on local housing & job availability

• 🛒 Affordability: Grocery rebates, $10/day childcare, more childcare spaces

• 🌾 Rural & Indigenous: Local food system investment and partnerships

So, What Does This All Mean for You?

This is a massive, multi-layered plan—and success will come down to execution.

Canadians have heard promises before. The real question is: Will it be different this time?

We’ll be watching for:
✅ Speed of construction rollout
✅ Accessibility of rebates & policies
✅ Real collaboration between government & the private sector

At elevated & co. realty, we’re committed to staying informed so you can stay ahead. Whether you’re buying, selling, or just watching the market evolve—we’ve got you.

📲 Ready to chat through what this means for your next move?
Let’s make a smart plan together.

#YourMoveElevated
elevated & co. realty